by Prem Raja | Jul 31, 2022 | EU, EUR, FX, GBP, GDP, USD
As we now enter August after a very volatile July- what we are hoping for is some calm in the market, we do usually get a “Summer Lull”- however with Central Bank activity this month, this may not be the case. In July we saw both the Fed ad the ECB raise...
by Prem Raja | Jul 23, 2022 | EU, EUR, FX, GBP, USD
Last week, we saw the ECB finally raise interest rates by 50 bps for the first time in over a decade. The initial reaction was positive for the Euro, but it seems that many market participants feel that this was too little too late, and following Mario Draghi’s...
by Prem Raja | Jul 17, 2022 | Brexit, EU, EUR, FX, GBP, GDP, USD
Sterling exchange rates had a pretty rough week with GBPEUR falling from 1.19 down to 1.1750 and GBPUSD dropping as low as 1.1770 through the week. The primary reason for these moves was the surge in the U.S Dollar continuing through the week amidst concerns about...
by Prem Raja | Jul 10, 2022 | Brexit, EU, EUR, FX, GBP, USD
Last week was definitely a strange one- with many resignations from Boris Johnson’s cabinet including Chancellor Rishi Sunak and many other high-profile names. Within 24 hours Boris Johnson tendered his resignation as it is evident there is no confidence in him...
by Prem Raja | Jul 3, 2022 | Brexit, EU, EUR, FX, GBP, USD
It seems Sterling exchange rates have seen the last of positive days for now, with GBPEUR trading at 1.15 and GBPUSD falling into the 1.19 area on Friday. The reason for these movements is simple, there are big concerns over the Global economy right now with rising...
by Prem Raja | Jun 5, 2022 | EU, EUR, FX, GBP, USD
Last week we saw record highs for CPI (Inflation) out of Europe- which has spurred many ECB policymakers to begin making public statements about interest rate hikes, with the first expected in July and another priced in for September (25 bps each time.) With the ECB...
by Prem Raja | May 22, 2022 | EU, EUR, FX, GBP, USD
After a relatively rough week on the market, Sterling exchange rates got a boost following better than expected retail sales figures out of the UK- with food and fuel sales both higher than the previous month. Many were looking for spending to collapse amidst the...
by Prem Raja | May 16, 2022 | Brexit, EU, EUR, FX, GBP, GDP, USD
Sterling opened on Monday on a softer note with GBPEUR trading around 1.1750-1.18 and GBPUSD trading between 1.22-1.23. Fortunately, a higher close on Monday has given hope for a better Tuesday. Sterling has a few risks surrounding it currently, one of which being...
by Prem Raja | May 2, 2022 | EU, EUR, FX, GBP, USD
It has been an incredibly volatile week- predominantly for GBPUSD and EURUSD pairs, with Cable falling to lows of 1.24 and EURUSD falling to 1.04 following massive Dollar strength. This has now put Sterling exchange rates in a strange position going into the new...
by Prem Raja | Apr 24, 2022 | EU, EUR, FX, GBP, USD
it was a relatively positive week for Sterling exchange rates with the GBPEUR price comfortably above 1.20 and GBPUSD above 1.30- that was until Friday- when we saw a much weaker than expected retail sales report released for the UK, coupled with consumer confidence...
