by Prem Raja | Jun 21, 2020 | Brexit, EU, EUR, FX, GBP, USD
What a week… After a good little spell for Sterling through early June, we finally started to see GBP exchange rates crumble under pressure. In one week, we have seen GBPUSD exchange rates drop from 1.28 down to 1.2350. To put this in context, a purchase of 100k...
by Prem Raja | Jun 14, 2020 | Brexit, EU, EUR, FX, GBP, USD
We saw Pound to Dollar exchange rates rally last week up to 1.28 (Albeit was only for around 60 seconds) during the Fed meeting where it was announced that there were no further measures for now. My guess is that the market was waiting for more stimulus to be...
by Prem Raja | Jun 7, 2020 | Brexit, EU, EUR, FX, GBP, USD
Over the last week, we had many catalysts we were watching that could affect the market- the first being Brexit negotiations- which by Friday, showed enough signs of continuance to not scare traders away- it was stated that progress was limited, but any progress is...
by Prem Raja | May 31, 2020 | Brexit, EU, EUR, FX, GBP, USD
Last week was busy politically as UK PM Boris Johnson announced that the UK economy will begin reopening from June 1st, with other non-essential businesses opening June 15th. This has received some backlash as many scientists are claiming that it is too early for the...
by Prem Raja | May 24, 2020 | Brexit, EU, EUR, FX, GBP
Sterling exchange rates were relatively stable last week- with Pound to Euro rates closing at the 1.11 area on Friday and Pound to Dollar exchange rates closing at 1.21- of course, these rates are a lot lower than what we had a couple of weeks ago, but through the...
by Prem Raja | May 17, 2020 | Brexit, EU, EUR, FX, GBP, GDP, Misc.
Pound to Euro rates had their worst week since the big pandemic sell-off in March- closing on Friday evening at lows of 1.1180, which was an over 2% drop. Against other currencies, Sterling fell further, with Pound to Dollar exchange rates falling over 4% to 1.20. The...
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....
