by Prem Raja | May 31, 2020 | Brexit, EU, EUR, FX, GBP, USD
Last week was busy politically as UK PM Boris Johnson announced that the UK economy will begin reopening from June 1st, with other non-essential businesses opening June 15th. This has received some backlash as many scientists are claiming that it is too early for the...
by Prem Raja | May 24, 2020 | Brexit, EU, EUR, FX, GBP
Sterling exchange rates were relatively stable last week- with Pound to Euro rates closing at the 1.11 area on Friday and Pound to Dollar exchange rates closing at 1.21- of course, these rates are a lot lower than what we had a couple of weeks ago, but through the...
by Prem Raja | May 17, 2020 | Brexit, EU, EUR, FX, GBP, GDP, Misc.
Pound to Euro rates had their worst week since the big pandemic sell-off in March- closing on Friday evening at lows of 1.1180, which was an over 2% drop. Against other currencies, Sterling fell further, with Pound to Dollar exchange rates falling over 4% to 1.20. The...
by Prem Raja | May 10, 2020 | EU, EUR, FX, GBP, GDP, USD
On Sunday evening, PM Boris Johnson announced that, in short, the UK lockdown will remain until June at the earliest. Some industries (i.e construction) will be able to return to work immediately with social distancing measures in place. Unlimited exercise will now be...
by Prem Raja | May 3, 2020 | Brexit, EU, EUR, GBP, USD
The Pound to Euro exchange rate fell to 1.1373 on Friday after reaching a weekly high of 1.15 the day before. We also saw the same with the Pound to Dollar exchange rate, reaching 1.26 on Thursday and falling to 1.2480 as we closed the week. Donald Trump’s...
