by Prem Raja | Apr 4, 2020 | EU, EUR, FX, GBP, USD
Last week we saw GBPEUR hit a short term high of 1.1440- this partly due to traders buying the Pound aggressively over the last week- and also the fact that investors are unhappy with how the ECB is dealing with the economic effects of Covid19- so the Euro has been...
by Prem Raja | Mar 28, 2020 | EU, EUR, FX, GBP, GDP, USD
Sterling has become a very difficult currency to track- taking very large swings at regular intervals, sometimes, for reasons unknown to anybody. Throughout the last week, Sterling has gained back a lot of ground- going from 1.14-1.24 against the U.S Dollar, and going...
by Prem Raja | Mar 22, 2020 | Brexit, EU, EUR, FX, GBP, GDP, USD
Sterling lost a lot of ground over the last week against most major currencies- seeing lows of 1.14 against the U.S Dollar and 1.06 against the Euro. The Bank of England cut rates to 0.10% and increased QE to record amounts, alongside the ECB announcing a 750bn...
by Prem Raja | Mar 15, 2020 | EU, EUR, FX, GBP, USD
I am sure you are all well aware that the markets have been in complete disarray over the last few weeks- with stocks, commodities and currencies all making massive moves in short periods of time. The Fed & the Bank of England have both cut interest rates, with...
by Prem Raja | Mar 8, 2020 | Brexit, EU, EUR, FX, GBP, GDP, USD
Last week, we saw the Euro become the strongest currency of the week amid coronavirus fears across the globe and fearful markets. The Fed did an emergency interest rate cut (First time this has happened since the Lehman collapse in 2008) which pushed EURUSD up...
