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Rough week for Sterling exchange rates as UK opens up.

Rough week for Sterling exchange rates as UK opens up.

by Prem Raja | Apr 18, 2021 | EUR, FX, GBP, USD

Last week was a relatively bad week for Sterling exchange rates; we saw GBPEUR as low as 1.1460 and GBPUSD as low as 1.3740 before rising again on Friday ending the week higher. Interestingly enough much of the week was spent by analysts looking for reasons why this...
Sterling loses 2.5% against the Euro prior to Lockdown’s ending.

Sterling loses 2.5% against the Euro prior to Lockdown’s ending.

by Prem Raja | Apr 11, 2021 | EU, EUR, FX, GBP, USD

Pound Sterling exchange rates were down across the board over the last week, notably against the Euro and Dollar with GBPEUR seeing lows of 1.1480 and GBPUSD being as low as 1.3660. There a few reasons why we saw this drawdown in GBP- the first is that the...
Rough week for Sterling exchange rates as UK opens up.

Pound-Euro exchange rate hits 1.18 on Bank Holiday Monday.

by Prem Raja | Apr 5, 2021 | EU, EUR, FX, GBP, USD

Yes, you read that correctly- As I am writing this on my day off (And a day we cannot trade)- GBPEUR has hit a new high of 1.18. The recent move in Sterling is still very much in line with the reopening of the UK and the PM’s roadmap. The latest announcement has...
Rough week for Sterling exchange rates as UK opens up.

Sterling exchange rates close higher across the board.

by Prem Raja | Mar 28, 2021 | Brexit, EU, EUR, FX, GBP, USD

After what seemed like a very long week- it seemed that the main topic was vaccination exports and supply- with much news coming from the UK & EU about exports being blocked and supply being lower. This controversial topic was the main subject of the EU Council...
Dollar strength dominates FX markets and pushes GBP & EUR lower.

Dollar strength dominates FX markets and pushes GBP & EUR lower.

by Prem Raja | Mar 21, 2021 | EU, EUR, FX, GBP, USD

The Dollar was definitely King over the last week- with strength going into the greenback preventing any real meaningful strength into Sterling and Euro. The main topics over the last week was vaccinations and lockdowns, predominantly the use of the Astra Zeneca...
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