by Prem Raja | Feb 13, 2022 | Brexit, EU, EUR, FX, GBP, GDP, USD
We are now 2 months into 2022, and it seems this year is going to be just as eventful as the last couple! We had plenty of announcements and data releases last week which managed to push Sterling exchange rates higher, with GBPEUR closing above 1.19 on the week and...
by Prem Raja | Feb 6, 2022 | EUR, FX, GBP, USD
The stars were aligned last week for a great pump on GBP exchange rates- with the BoE expected to raise rates by 25bps, we were all ready for the 1.20 handle to be pierced following the announcement- and in all fairness, this is exactly what happened. Following the...
by Prem Raja | Jan 30, 2022 | Misc.
Over the last week we have seen Pound Sterling exchange rates rally from 1.19 to a close above 1.20- this is mostly traders pricing in the fact that the Bank of England are expected to raise interest rates again this week. Now, once common mistake people make is...
by Prem Raja | Jan 16, 2022 | EU, EUR, FX, GBP, USD
Last week, Sterling exchange rates continued its ascending move against most major currencies with GBPEUR tapping the 1.20 handle (Albeit briefly) and GBPUSD going above 1.37 (5% up from Decembers lows). This has been a great start for Sterling bulls with much good...
by Prem Raja | Jan 9, 2022 | EU, EUR, FX, GBP, USD
The first official trading week of the year was significantly bullish for Sterling exchange rates; with GBPEUR closing the week at 1.1960 and GBPUSD closing the week at 1.3584 (After a very weak NFP reading). So far, Sterling is the best performing currency of 22...
by Prem Raja | Dec 19, 2021 | Brexit, Crypto, EU, EUR, FX, GBP, USD
Last week saw a week full of Central Bank decisions which ultimately have begun to dictate how exchange rates will look from January 2022- the first major event was the Fed announcing that they will be speeding up their tapering of QE, and begin looking at raising...
by Prem Raja | Dec 12, 2021 | EU, EUR, FX, GBP, USD
Traditionally, December is a relatively illiquid month for the markets- but at the moment, with everything going on- we are seeing plenty of market movement on both the FX and stock markets due to the pandemic and inflation. Unfortunately, depending on what you are...
by Prem Raja | Nov 28, 2021 | EU, EUR, FX, GBP, USD
On Friday we saw a pretty deep sell-off across all markets (FX, Cryptocurrencies & Equities) following news of the Omicron Variant and countries beginning to react. We have already seen numerous countries across Europe begin to put in restrictions over the last...
by Prem Raja | Nov 21, 2021 | Brexit, EU, EUR, FX, GBP, USD
The Pound had a great week last week after a number of supportive data releases in the UK including positive employment numbers, rising inflation, and an improvement in Retail spending. All three of these have now put the idea of an interest rate hike from the BoE...
by Prem Raja | Nov 14, 2021 | EU, EUR, FX, GBP, USD
November has already shown itself to be a very volatile month with ranges on GBPEUR between 1.16-1.18 and GBPUSD ranges between 1.33-1.36. Of course, the main reasons for this volatility were due to Central Bank decisions- the first being the Fed beginning their...
