by Prem Raja | Apr 17, 2022 | EU, EUR, FX, GBP, USD
Firstly, I hope you are all refreshed after the bank holiday- before we got our long weekend, we saw a very strong push on the GBPEUR exchange rate above 1.21 and GBPUSD above 1.31. What was most fascinating is this happened with no real economic data or news to fuel...
by Prem Raja | Mar 27, 2022 | Brexit, EU, EUR, FX, GBP, USD
We are now entering the end of the month and the financial year- currently, GBPEUR is sitting at 1.20 and GBPUSD is just under 1.32. After a pretty hot CPI release for the UK, and a relatively disappointing budget- GBP has been under pressure over the last couple of...
by Prem Raja | Mar 20, 2022 | EU, EUR, FX, GBP, USD
Last week we saw Pound Sterling exchange rates fall following the Bank of England decision to raise interest rates by 25bps to 0.75%. Members voted 8-1 in favor of the hike and signaled that there will be fewer hikes this year than initially priced in by the market...
by Prem Raja | Mar 6, 2022 | EU, EUR, FX, GBP, USD
It is without question we are in turbulent times- where the majority of investors are unsure of how they are to plan around current events- geopolitical events are non-stop at the moment, and we are seeing markets in a way we have not before. GBPEUR exchange rates...
by Prem Raja | Feb 27, 2022 | Brexit, EU, EUR, FX, GBP, USD
In last week’s article I mentioned that the focus for exchange rates would be the ongoing tensions between Russia & Ukraine- over the last few days we saw these tensions escalate after Russia began an invasion of Ukraine on February 24th- this kicked off a...
by Prem Raja | Feb 20, 2022 | EU, EUR, FX, GBP, USD
Last week saw more volatility across all markets, mainly due to the Fed and the ongoing situation between Russia & Ukraine. We saw GBPEUR rise from 1.19-1.20 by Friday close, with GBPUSD a little more subdued closing at 1.3580 on Friday. The main reason for the...
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...
