by Prem Raja | Nov 6, 2021 | Brexit, EU, EUR, FX, GBP, USD
This last week was pretty rough for Sterling exchange rates- as I explained in my previous article there were two major events last week, the Fed and the BoE. The market had been positioning for the Bank of England to raise interest rates in November/December with two...
by Prem Raja | Oct 31, 2021 | Brexit, EU, EUR, FX, GBP, USD
October was a relatively strong month for Sterling with pretty hawkish comments coming from the Bank of England over the month giving markets an opportunity to begin pricing in interest rate hikes before 2022- and more next year. We have seen GBPEUR rise from 1.15 to...
by Prem Raja | Oct 17, 2021 | EU, EUR, FX, GBP, USD
It was a great week for Euro buyers following hawkish commentary from the Bank of England stating that interest rates may have to go up in November/December which pushed the GBPEUR price to 1.1850- the highest we have seen since the pandemic began. The reason for the...
by Prem Raja | Oct 3, 2021 | EU, EUR, FX, GBP, USD
Last month was an EXTREMELY volatile week for Sterling- with GBPEUR falling to 1.1550, GBPUSD falling to 1.34, and EURUSD also falling to 1.1560. Now, if you were to read the tabloids, you would think this was happening because of the so-called petrol crisis in the...
by Prem Raja | Sep 12, 2021 | Brexit, EU, EUR, FX, GBP, USD
Sterling exchange rates (predominantly against the Euro) will enter the next week a lot stronger, after pretty good momentum for Pound to Euro exchange rates over the last few days- despite a pretty risk-off market on stocks and commodities through the latter half of...
by Prem Raja | Sep 5, 2021 | Brexit, EU, EUR, GBP, USD
Towards the end of last week, we saw GBP claw back losses against the U.S Dollar following underwhelming employment figures on Friday. The NFP report came in at 235k which was a huge miss with expectations at 750k jobs created. This data release confirmed that...
by Prem Raja | Aug 30, 2021 | Brexit, EU, EUR, FX, GBP, USD
The last week was pretty much solely focused on Jackson Hole- which ended up being a slightly dull affair by all measures- there was no “informal nod” that QE tapering would be beginning straight away, so it seems we now wait for the Fed meeting in...
by Prem Raja | Aug 23, 2021 | Brexit, EU, EUR, GBP, USD
This week has begun on a slightly quieter note- with the main event being Jackson Hole Thursday-Friday this week- Sterling exchange rates ended last week slightly lower across the board after a surge in the U.S Dollar and some poor UK Data- it was positive to see a...
by Prem Raja | Aug 15, 2021 | EU, EUR, GBP, GDP, USD
We saw GBPEUR exchange rates ease off into the weekend after a very strong start to the week- seeing a high of 1.1830 and closing at 1.1750. The positive news is that Sterling seems well supported in the 1.17 area- and as long as data can support the price it may give...
by Prem Raja | Aug 8, 2021 | EUR, FX, GBP, USD
Sterling exchange rates have seen a couple of weeks of non-stop gains, predominantly against the Euro with exchange rates going above 1.18 on Friday. The latest Bank of England meeting supported Sterling with talk of tapering Quantitative Easing and eventually putting...
