by Prem Raja | Sep 1, 2024 | EU, EUR, FX, GBP, USD
August is generally a low liquidity month, however, we saw some pretty sharp moves on Sterling across the board with a rise on GBPEUR to 1.19, a drop to 1.15 and then a rise back to 1.19 again at the end of the month. We also got some concrete information from Central...
by Prem Raja | Aug 26, 2024 | EU, EUR, FX, GBP, GDP, USD
Sterling exchange rates have improved significantly since the market dropped off following the Bank of Japan rate hike, GBPEUR has now climbed back to the 1.18 level, and GBPUSD has now reached 1.32, the latter is mostly owed to a weakening Dollar Index and more risk...
by Prem Raja | Aug 18, 2024 | EU, EUR, FX, GBP, USD
Last week was very encouraging for Sterling bulls with GBPEUR rising above 1.17 and GBPUSD rising above 1.29. Retail sales coming in strong on Friday closed off the week perfectly for Sterling, alongside good jobs data- the retail sales data was aided by...
by Prem Raja | Aug 11, 2024 | EU, EUR, GBP, GDP, USD
Over the last week we have only seen a slight recovery on Sterling exchange rates, with GBPEUR now reaching 1.1680 and GBPUSD now reading 1.2750- which is still 1.5% away from the highs just two weeks ago. We have seen a material change in the market since the BoJ...
by Prem Raja | Aug 4, 2024 | EU, EUR, FX, GBP, USD
Last week ended in a pretty explosive way after fewer jobs were added in the U.S than expected last month. Unemployment rose to 4.3%- essentially showing that the Fed has been behind the curve with interest rates and is clearly pretty late to the party- with the first...
