by Prem Raja | May 10, 2020 | EU, EUR, FX, GBP, GDP, USD
On Sunday evening, PM Boris Johnson announced that, in short, the UK lockdown will remain until June at the earliest. Some industries (i.e construction) will be able to return to work immediately with social distancing measures in place. Unlimited exercise will now be...
by Prem Raja | May 3, 2020 | Brexit, EU, EUR, GBP, USD
The Pound to Euro exchange rate fell to 1.1373 on Friday after reaching a weekly high of 1.15 the day before. We also saw the same with the Pound to Dollar exchange rate, reaching 1.26 on Thursday and falling to 1.2480 as we closed the week. Donald Trump’s...
by Prem Raja | May 1, 2020 | FX, GBP, USD
It has been another volatile week through to the beginning of May- on my last article on www.thecurrencyblog.com I mentioned GBPUSD being a buy at 1.23- and we saw this play out as we saw GBPUSD hit 1.26 yesterday afternoon before dropping back to 1.25 today- I am...
by Prem Raja | Apr 26, 2020 | EU, EUR, FX, GBP, GDP
Last week was extremely volatile, following big moves in equities- and shocking moves in oil futures prices which dragged the whole market down with it. The only winner last week was the U.S Dollar, as investors flocked to it for a safe haven during the volatile week....
by Prem Raja | Apr 23, 2020 | USD
It has been a turbulent start to the year since WHO declared the Covid-19 outbreak as a pandemic- we have seen the virus spread not just through people, but also through economies. As we are looking at the Kenyan Shilling against the U.S Dollar- I will take you...
by Prem Raja | Apr 19, 2020 | BTC, EUR, FX, GBP, GDP, USD
Sterling exchange rates continued on the upside last week- closing on Friday above 1.15 against the Euro. We have seen Sterling rebound effectively against the lows 4 weeks ago. This is almost a gain of 10% on this currency pair- usually, it would take the market a...
by Prem Raja | Apr 10, 2020 | Brexit, EU, EUR, FX, GBP, USD
Ever since coronavirus was labelled a global pandemic, it has unfortunately spread very fast around the world, but not just through people- through economies as well. A country’s currency is directly or indirectly linked to its economy, so as economies are beginning...
by Prem Raja | Apr 4, 2020 | EU, EUR, FX, GBP, USD
Last week we saw GBPEUR hit a short term high of 1.1440- this partly due to traders buying the Pound aggressively over the last week- and also the fact that investors are unhappy with how the ECB is dealing with the economic effects of Covid19- so the Euro has been...
by Prem Raja | Mar 28, 2020 | EU, EUR, FX, GBP, GDP, USD
Sterling has become a very difficult currency to track- taking very large swings at regular intervals, sometimes, for reasons unknown to anybody. Throughout the last week, Sterling has gained back a lot of ground- going from 1.14-1.24 against the U.S Dollar, and going...
by Prem Raja | Mar 22, 2020 | Brexit, EU, EUR, FX, GBP, GDP, USD
Sterling lost a lot of ground over the last week against most major currencies- seeing lows of 1.14 against the U.S Dollar and 1.06 against the Euro. The Bank of England cut rates to 0.10% and increased QE to record amounts, alongside the ECB announcing a 750bn...
