by Prem Raja | Aug 31, 2020 | Brexit, EU, EUR, FX, GBP, USD
And just like that; a new month is upon us. This year has gone both slow and fast at the same time. We are now out of the “Summer Markets” and preparing to go back into full swing. Most traders will now be back at work and liquidity should return in full...
by Prem Raja | Aug 23, 2020 | Brexit, EU, EUR, FX, GBP, USD
Last week was generally a pretty good week for Sterling as we saw some positive data releases which helped push the Pound to Euro rate to 1.1180 on Friday morning, and 1.3250 against the U.S Dollar. Unfortunately, by market close on Friday, we ended at 1.1090 for...
by Prem Raja | Aug 16, 2020 | Brexit, EU, EUR, FX, GBP, GDP, USD
According to the news wires, it was a pretty eventful week, but looking at the exchange rates, there wasn’t much movement at all. The main headline I am sure we all saw this week was the fact that the UK officially hit a recession in Q2. (I am sure this...
by Prem Raja | Aug 9, 2020 | Brexit, EU, EUR, FX, GBP, USD
Sterling exchange rates dipped a little by the end of the week following the Bank of England meeting- it seems that the BoE is not looking at cutting interest rates again until next year- this makes sense as we will not see how much damage has been done to the economy...
by Prem Raja | Aug 2, 2020 | Brexit, EU, EUR, FX, GBP, GDP, USD
It was yet another strong week for GBPUSD as we saw exchange rates fly above the 1.31 handle for the first time since January. Surprisingly enough, this had nothing to do with Sterling Strength, but Dollar weakness- the Dollar index had been dropping for the last 10...
by Prem Raja | Jul 26, 2020 | Brexit, EU, EUR, FX, GBP
Last week we saw GBPEUR exchange rates decline to 1.0970 as the Euro caught a major bid throughout the week following the EU recovery fund news- we also saw EURUSD gain around 2% on the week, which in many trader’s eyes is now overextended- however, this...
by Prem Raja | Jul 19, 2020 | Brexit, EU, EUR, FX, GBP, GDP, USD
Last week we saw Sterling begin to weaken further- predominantly against the Euro as exchange rates entered the 1.09 area on Friday- this was mainly due to optimism about the EU recovery fund being sorted this weekend. At time of writing (Sunday afternoon)- the EU...
by Prem Raja | Jul 12, 2020 | Brexit, EU, EUR, FX, GBP, USD
Last week we saw Pound Sterling Exchange Rates continue to rally across the board, closing Friday at 1.1170 against the Euro and above 1.26 against the U.S Dollar. The main catalyst for this was the Summer Budget from Chancellor Rishi Sunak who announced numerous...
by Prem Raja | Jul 5, 2020 | Brexit, EU, EUR, FX, GBP, GDP
We had a relatively mixed week last week after Sterling pairs unexpectedly rose through the beginning of the week- there are a number of reasons why this could have been- the first and most important is that we are currently in a “risk-on” market- which...
by Prem Raja | Jun 28, 2020 | Brexit, EU, EUR, FX, GBP, USD
Sterling saw it’s 3rd week of declines by the end of the week as risks entered the market again- concerns about the U.S-China trade deal, coronavirus, and the UK trade deals with the EU & Japan got priced in again before market close which has put Sterling...
