by Prem Raja | Feb 17, 2020 | Brexit, EU, EUR, FX, GBP, GDP, USD
Last week the Pound was boosted by the resignation of Sajid Javid, and the choosing of his replacement- Rishi Sunak. The basis of this GBP strength is that Boris Johnson will now have more control over the treasury, and effectively increase Government spending- so he...
by Prem Raja | Feb 14, 2020 | EU, EUR, FX, GBP, USD
EUREURUSD relentless offered tone continues, with a lot of traders and spec players getting severe FOMO and seeing some participation via downside structures being put in place. Still reluctant to add shorts down at these levels, but 1.0925-30 area can act...
by Prem Raja | Feb 9, 2020 | Brexit, EU, EUR, FX, GBP, USD
Last week, Sterling fell by around 1% across the board and was the worst-performing currency of the week following negative rhetoric surrounding the UK-EU trade deal expected to be done this year. The Pound has failed to go back to the 1.19 level a few times and now,...
by Prem Raja | Jan 25, 2020 | Brexit, EU, EUR, FX, GBP, USD
The main topic over the last couple of weeks was the Bank of England, after 3 members (Including the Governor) came out and said they see a case to potentially cut interest rates this month- the chances of this cut rose to 50/50 and was highly dependant on certain...
by Prem Raja | Jan 12, 2020 | Brexit, EU, EUR, FX, GBP, GDP, USD
Last week, the news was dominated by reports from the U.S and Iran, which meant that we saw more movement on commodities such as Oil, Gold & Silver. Sterling was fairly static over the week and managed to stay in and around the same areas, in fact as the closed...
by Prem Raja | Jan 5, 2020 | Brexit, EU, EUR, FX, GBP, GDP
Finally, now Christmas and New Year is out of the way, we can get back on to the markets and see what is ahead of us over the next few weeks! As we entered 2020, Sterling lost the majority of its gains against the Euro and Dollar that we saw after the Election...
by Prem Raja | Dec 8, 2019 | Brexit, EU, EUR, FX, GBP, GDP, USD
Last week, the odds for a Conservative majority to be achieved rose above 70% (On Betfair), which was the catalyst for Sterling rising to 1.1850 against the Euro and 1.3150 against the U.S Dollar. It is clear at this point that the direction for Sterling is now...
by Prem Raja | Dec 1, 2019 | Brexit, EU, EUR, FX, GBP, USD
The markets have been relatively volatile over the last few weeks due to the upcoming General Election- and with opinion polls coming out on a daily basis with different results- I thought now would be a good time to start looking at possible outcomes for the election...
by Prem Raja | Nov 18, 2019 | USD
As you may have seen, GBPUSD exchange rates have been slowly moving up from the lows of 1.22 in October, to currently trading just below the 1.30 area. To put this in context, A purchase of 200,000 USD is now costing £10,000 less than it would have a month ago! The...
by Prem Raja | Nov 17, 2019 | Brexit, EU, EUR, FX, GBP, GDP
Sterling exchange rates have been a lot more positive over the last week with GBPEUR hitting 1.17 and GBPUSD crossing 1.29. We did briefly see Sterling touch these levels at the end of October, but they didn’t hold for long, and the last time before that was...
