by Prem Raja | Nov 3, 2024 | EU, EUR, FX, GBP, USD
Following the bond sell off’s last week after the Chancellor’s Autumn budget, the Pound has managed to steady itself going into the new week, as it seems Gilt investors are convinced of the Government’s spending plans- how this plays out over coming...
by Prem Raja | Oct 27, 2024 | EU, EUR, GBP, USD
Sterling has managed to keep above 1.20 against the Euro but unfortunately slipped below the 1.30 handle against the Dollar. Following a relatively quiet week we saw pretty sideways price action now leading into a pretty busy week going into November- which is...
by Prem Raja | Oct 20, 2024 | EU, EUR, FX, GBP, USD
On Friday we saw Sterling rise against the Euro above 1.20 following positive retail sales data, giving us the best GBPEUR exchange rate in over 2 years. Retail sales were expected negative,but thanks to good weather and more money in peoples pockets, spending picked...
by Prem Raja | Oct 12, 2024 | EU, EUR, FX, GBP, GDP, USD
Hello all! Apologies for the lack of reports over the last few weeks, I have been travelling but back in the UK now and back on the desk- so far we have had a pretty eventful month with escalations in the Middle East, plenty of news out of the Bank of England and the...
by Prem Raja | Sep 15, 2024 | EU, EUR, FX, GBP, USD
This week will most probably be the highlight for September; so far Sterling is in a good position as of the close on Friday, and we have a few releases through the week before we get to the Central bank meetings. On Monday we have Eurozone balance of trade data which...
by Prem Raja | Sep 8, 2024 | EU, EUR, FX, GBP, GDP, USD
There has been a significant risk off tone in the markets over the last two weeks- where we have seen stocks sell off, and consequently, Pound Sterling as well. GBPUSD usually gets hit the most in a risk off environment, alongside EURUSD, both down around 1.5% over...
by Prem Raja | Sep 1, 2024 | EU, EUR, FX, GBP, USD
August is generally a low liquidity month, however, we saw some pretty sharp moves on Sterling across the board with a rise on GBPEUR to 1.19, a drop to 1.15 and then a rise back to 1.19 again at the end of the month. We also got some concrete information from Central...
by Prem Raja | Aug 26, 2024 | EU, EUR, FX, GBP, GDP, USD
Sterling exchange rates have improved significantly since the market dropped off following the Bank of Japan rate hike, GBPEUR has now climbed back to the 1.18 level, and GBPUSD has now reached 1.32, the latter is mostly owed to a weakening Dollar Index and more risk...
by Prem Raja | Aug 18, 2024 | EU, EUR, FX, GBP, USD
Last week was very encouraging for Sterling bulls with GBPEUR rising above 1.17 and GBPUSD rising above 1.29. Retail sales coming in strong on Friday closed off the week perfectly for Sterling, alongside good jobs data- the retail sales data was aided by...
by Prem Raja | Aug 11, 2024 | EU, EUR, GBP, GDP, USD
Over the last week we have only seen a slight recovery on Sterling exchange rates, with GBPEUR now reaching 1.1680 and GBPUSD now reading 1.2750- which is still 1.5% away from the highs just two weeks ago. We have seen a material change in the market since the BoJ...
