by Prem Raja | Aug 18, 2019 | Brexit, EU, EUR, FX, GBP, GDP, Misc., USD
After a couple of months of non-stop weakness- we finally had a week of green for the Pound! We ended last week with GBPEUR sitting just above 1.06 following very poor GDP figures and investors selling off the Pound due to Brexit news. By Friday 16th August GBPEUR had...
by Prem Raja | Aug 11, 2019 | Brexit, EU, EUR, FX, GBP, GDP, USD
Unfortunately, it has been yet another bad week for the Pound- with GBPEUR going into the 1.06 area and GBPUSD hitting 1.20. This was largely due to the UK economy shrinking for the first time since 2012- data showed that the UK economy shrunk in Q2 of 2019. The...
by Prem Raja | Aug 3, 2019 | Brexit, EU, EUR, FX, GBP, GDP, USD
The UK officially now has a new PM, and once Boris Johnson took the reigns, we initially saw Sterling gain around 1% across the board- these gains were short-lived as Boris followed up with setting up a “War Cabinet” to prepare for a no-deal Brexit. We...
by Prem Raja | Jul 21, 2019 | Brexit, EU, EUR, FX, GBP
As last week concluded, we began to see Sterling strengthen against the Euro and the Dollar by around 1% which was positive for Sterling sellers. The reason for this is that Sterling had begun to bottom out and became oversold, and traders generally see this as a good...
by Prem Raja | Jul 14, 2019 | Brexit, EU, EUR, FX, GBP, GDP, USD
The last week was fairly quiet for Sterling exchange rates, with both GBPEUR and GBPUSD moving within a 1% range for the whole week. The main focus was on Fed Chair Powell pretty much confirming an interest rate cut in the U.S at the end of this month, which will...
by Prem Raja | Jul 8, 2019 | EU, EUR, FX, GBP, GDP
Sterling has struggled to find real support against the Euro and Dollar over the last couple of months- it seems that even though the Fed is set to cut interest rates and the EU economy is slowing down- it is still not enough for Sterling to make any real gains...
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...
