by Prem Raja | Aug 1, 2021 | Brexit, EU, EUR, FX, GBP, USD
Sterling managed to recover its losses against the Euro going into the end of July and managed to recover to 1.39 against the Dollar. We saw the Dollar Index strengthen through July which managed to take away momentum from most assets over the last 30 days, but since...
by Prem Raja | Jul 25, 2021 | Brexit, EU, EUR, FX, GBP, USD
It has been yet another volatile week on the FX markets with sentiment being very risk-off on Monday morning and Sterling beginning the week on the back foot, with lows against the Euro of 1.1530 and lows against the U.S Dollar of 1.3570. Amazingly enough, Sterling...
by Prem Raja | Jul 18, 2021 | EU, EUR, FX, GBP, USD
Over the last week, we saw Sterling exchange rates rise above 1.17 against the Euro before closing the week at a level of 1.1650. Sterling has remained slightly weaker against the U.S Dollar as investors have flocked to the Dollar for safety recently given more...
by Prem Raja | Jul 11, 2021 | EU, EUR, FX, GBP, USD
Sterling to Euro exchange rates have settled in a positive area over the last week with prices staying in the 1.16-1.17 area- and we have finally seen a slight reversal in Dollar strength as of Friday which has brought prices up from 1.37-1.39. The UK saw a...
by Prem Raja | Jun 27, 2021 | EU, EUR, FX, GBP, USD
We saw GBP exchange rates soften after a strong run up to the Bank of England interest rate decision on Thursday, the reason for the sell off was more of a “Buy the rumour, sell the news” event as no shift in monetary policy was expected- and it seems...
by Prem Raja | Jun 20, 2021 | EU, EUR, FX, GBP, USD
It was another volatile week following the Fed meeting in the U.S- when Jerome Powell signaled to the market that talks of tapering QE may begin later this year (Expectation is Jackson Hole in August)- which has begun to set fears into the market. We saw the Dollar...
by Prem Raja | Jun 6, 2021 | EU, EUR, FX, GBP, USD
The last week was a positive one for Sterling exchange rates with GBPEUR hitting 1.1670 and GBPUSD going to 1.4250 due to positive UK data over the week. Generally, we have had pretty boring FX markets over the last couple of weeks with prices moving in relatively...
by Prem Raja | May 31, 2021 | EU, EUR, FX, GBP, USD
It has been yet another eventful month- with Sterling managing to creep back up against most major currencies- ending the month at 1.42 against the U.S Dollar and above 1.16 against the Euro. The slightly higher monthly close is owed to low liquidity on the markets on...
by Prem Raja | May 15, 2021 | Brexit, EU, EUR, FX, GBP, USD
Over the last week we have seen Sterling exchange rates continue to rise against the Euro & Dollar as the UK plans to move to the next stage of reopening on 17th May- which will see many more businesses able to reopen which I am sure is music to all of our ears!...
by Prem Raja | May 9, 2021 | EU, EUR, FX, GBP, USD
The last week was quite volatile for Sterling, with a positive start to the week that was then reversed after comments from the Bank of England. Unfortunately, the Central Bank was unable to provide any new catalysts to spur on further buying for GBP which resulted in...
