by Prem Raja | Feb 16, 2025 | EU, EUR, FX, GBP, GDP, USD
Last week proved to be supportive for Sterling, with an unexpected upside surprise in UK GDP data, showing that the economy grew rather than contracted in the last quarter. This positive momentum, coupled with uncertainty in U.S. markets, helped Sterling strengthen...
by Prem Raja | Feb 9, 2025 | EU, EUR, FX, GBP, GDP, USD
Last week was a volatile yet relatively predictable one, with markets digesting further tariff announcements from President Trump and the Bank of England’s 25bps interest rate cut. Despite these developments, Sterling ended the week largely unchanged at 1.24 against...
by Prem Raja | Feb 1, 2025 | EU, EUR, FX, GBP, GDP, USD
Last week was relatively uneventful, with no surprises from the Fed, ECB, or Bank of Canada. But just as markets were settling into a steady rhythm, President Trump shook things up on Friday evening with new tariffs—25% on imports from Canada and Mexico and 10% on...
by Prem Raja | Jan 26, 2025 | EU, EUR, FX, GBP, GDP, USD
Last week, we saw the “Trump Trade” unwind as the Dollar softened on speculation that President Trump’s tariff policies may not be as aggressive as initially feared. This shift led to a 2% rise in both GBPUSD and EURUSD, bringing some welcome relief to...
by Prem Raja | Jan 19, 2025 | EU, EUR, FX, GBP, USD
Last week was challenging for Sterling, with disappointing data culminating in weak retail sales figures. This pushed GBPEUR to 1.18 and GBPUSD to 1.21. Just two months ago, GBPEUR was trading above 1.20 and GBPUSD above 1.30, underscoring how quickly market dynamics...
by Prem Raja | Jan 12, 2025 | EUR, FX, GBP, USD
The first full week of the year was not short on volatility, with bond yields in the UK surging beyond 5%. This sharp rise reflects investor concerns about the UK Government’s ability to manage its debt and potential overspending. As a result, we may see...
by Prem Raja | Jan 5, 2025 | EU, EUR, FX, GBP, USD
Hello and Happy New Year to you all! I hope your Christmas was more restful than mine—with two teething toddlers, there wasn’t much room for relaxation! That said, I’m back at my desk and excited to kick off the new year. Sterling’s Early-Year Sell-Off The first week...
by Prem Raja | Dec 22, 2024 | EU, EUR, FX, GBP, GDP, USD
Last week was a pretty volatile week from a Sterling and Dollar perspective- with both central banks having their interest rate decision within 24 hours of each other. The Fed decided to cut 25bps but hold off on any further cuts over the new few months, which...
by Prem Raja | Dec 15, 2024 | EU, EUR, FX, GBP, USD
Sterling ended the week on a pretty negative note following weak UK GDP data with GBPEUR falling to 1.20, and GBPUSD falling to 1.26. The biggest concern with the data was that the services sector in the UK showed no growth in October, the same as September, which has...
by Prem Raja | Dec 8, 2024 | EU, EUR, FX, GBP, USD
Last week French politics took the spotlight with a vote of no confidence resulting in the current Government being dissolved. Upon PM Barniner’s exit, there has been much positive movement with President Macron committing to installing a PM that will get the...
