by Prem Raja | Nov 10, 2019 | Brexit, EU, EUR, FX, GBP, USD
The Pound has been in a sideways range over the past week against the Euro, floating between the 1.1550-1.1620 range. I believe the reason for this is that the market has currently priced in a Conservative majority for this election- which is currently being reflected...
by Prem Raja | Oct 26, 2019 | Brexit, EU, EUR, FX, GBP
It has been an eventful few months since Boris Johnson took over as Prime Minister- we have seen Sterling exchange rates fall by around 7-8% and then bounce back another 5% over the last month, both moves have provided great opportunities for both Sterling buyers and...
by Prem Raja | Oct 22, 2019 | Brexit, EU, EUR, FX, GBP, GDP, USD
Boris Johnson’s hopes of getting his Brexit deal fast-tracked through Parliament were lost on Tuesday evening following a defeat in a vote for his Brexit timetable in Parliament. The Government won the previous vote on the deal legislation to progress- however,...
by Prem Raja | Oct 13, 2019 | Brexit, EU
We had a great end to last week following reports that Brexit negotiations are going well and both the UK and EU see a route forward for a deal to be done by October 31st. Through Thursday and Friday we have seen Sterling rise by around 4% against the Euro and Dollar,...
by Prem Raja | Sep 29, 2019 | Brexit, EU, EUR, FX, GBP, GDP, USD
Political tensions in the UK have risen following the Supreme Court deeming Boris Johnson’s prorogue of Parliament to be unlawful. Parliament immediately returned to the House of Commons following this decision and begun putting pressure on the PM about this...
by Prem Raja | Sep 21, 2019 | Brexit, EU, EUR, FX, GBP, GDP, USD
It has been another positive week for Sterling following events from Central Banks and Brexit news. We saw GBPUSD above 1.25 and GBPEUR above 1.13 after the Fed announced their interest rate cut and the probability for more, and potential QE- This alongside Junkers...
by Prem Raja | Sep 15, 2019 | Brexit, EU, EUR, GBP, GDP, USD
Last week Sterling began to trade higher against the Euro & Dollar- hitting 1.1280 against the Euro and crossing 1.25 against the U.S Dollar. The Euro weakened significantly last week following the ECB’s decision to cut deposit rates and re-start QE; which...
by Prem Raja | Sep 6, 2019 | Brexit, EU, EUR, FX, GBP
Sterling exchange rates have been very volatile over the last week due to developments in UK Parliament. We have seen major strength in the Pound since Boris Johnson was defeated in Parliament after a law has been passed that a No Deal Brexit can’t happen...
by Prem Raja | Sep 1, 2019 | Brexit, EU, EUR, FX, GBP, USD
In last week’s article, I mentioned there was potential for an uptrend in GBPEUR exchange rates- and fortunately, we have seen the third week of consecutive gains for GBPEUR. There was short term volatility during the week following Boris Johnson asking the...
by Prem Raja | Aug 26, 2019 | EU, EUR, FX, GBP, USD
Over the past week, we have seen GBPEUR & GBPUSD begin to rise following positive comments after Boris Johnson’s meetings with Macron & Merkel- in an interview on Sunday he stated that a better deal is now “More likely” than it was before,...
