by Prem Raja | Jun 30, 2019 | EU, EUR, FX, GBP, USD
For those of you trading Sterling, you would know that since Easter, we have seen a downtrend on the Pound against all majors, but mainly against the Euro. We are currently trading between 1.1120-1.1166, and it seems that the downtrend will continue down to 1.10...
by Prem Raja | Jun 23, 2019 | Brexit, EU, EUR, GBP
It has been yet another volatile week for exchange rates with the Fed signalling a rate cut for July, the U.S being on the brink of another war, and Boris Johnson and Jeremy Hunt being the final contenders for the PM position. We are now in at an interesting point, it...
by Prem Raja | Jun 14, 2019 | Brexit, EU, EUR, FX, GBP, GDP, USD
After six consecutive weeks of losses for the Pound, it is clear to everyone that investor confidence in the Pound is back to an all-time low. The last time we saw such losses was the last General election which saw Theresa May lose her majority in Parliament. The...
by Prem Raja | May 27, 2019 | Brexit, EU, EUR, FX, GBP, GDP, USD
I hope you all enjoyed your Bank Holiday! It seems politics is back at the wheel driving the markets following British PM Theresa May announcing her resignation in June. Investors saw this as a risk for Sterling (Due to uncertainty) so we saw a sell-off on the Pound...
by Prem Raja | May 19, 2019 | BTC, EU, EUR, FX, GBP
There have been several important political developments over the last 24 hours which have begun to impact Sterling in a big way. British PM, Theresa May has confirmed that she will announce her timetable for her departure as PM in June, whether she is able to deliver...
by Prem Raja | May 6, 2019 | Brexit, EU, EUR, FX, GBP, GDP, USD
After 4 weeks of weakness for the Pound, we finally saw a great move of strength late Friday afternoon after the terrible results for Labour and Conservative after the local elections. The results have encouraged many senior Tory party members to put pressure on their...
by Prem Raja | Apr 28, 2019 | Brexit, EU, EUR, FX, GBP, GDP, USD
Over the last week we have seen the Pound weaken (Due to thin liquidity in the markets after the bank holiday) and the U.S Dollar strengthen due to strong data and economic outlook in the U.S. It seems that many analysts have misunderstood the Fed, in my opinion, it...
by Prem Raja | Apr 14, 2019 | Brexit, EU, EUR, FX, GBP, GDP
The Pound has had a pretty steady week even though there has been some movement in regards to Brexit. There has been confirmation that the Brexit deadline has been extended to 31st October, whether this will actually happen is a different story, but for now, this is...
by Prem Raja | Mar 16, 2019 | Brexit, EU, EUR, FX, GBP, GDP, USD
The last week went pretty much as expected as far as politics is concerned, PM Theresa May’s deal was rejected and MP’s voted to file for an extension of Article 50- which could now mean more volatility for the Pound. GBPEUR hit a 22 month high of 1.18...
by Prem Raja | Mar 10, 2019 | Brexit, EU, EUR, FX, GBP, GDP
Sterling rates have been trading at highs recently as fears of a “No Deal” Brexit have started to wither away- however as last week ended, it seemed that those same fears had returned to the market- pushing GBPEUR below 1.16 and GBPUSD under 1.30. On...
