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...
by Prem Raja | Feb 17, 2019 | Brexit, EU, EUR, FX, GBP, GDP, USD
Last week, UK PM, Theresa May suffered another defeat in the House of Commons- Brexit is still the main driver for the Pound at the moment and as March 29th keeps getting closer and closer- it seems the volatility is not going to slow down. Though negotiating tactics...
by Prem Raja | Feb 10, 2019 | Brexit, EU, EUR, GBP, USD
Sterling exchange rates have experienced a lot of volatility over the last week- the first part of volatility was due to BoE Governor Mark Carney making comments about the UK economic outlook, most of which were negative and stated that it is the worst in over 10...
by Prem Raja | Jan 27, 2019 | Brexit, EU, EUR, GBP, GDP, USD
From the headline, you would assume that all Brexit fears were non-existent and that there were plenty of positive factors underlying Sterling exchange rates currently- the reality is that neither is true. Before we go on to why this is all happening- it is important...
by Prem Raja | Jan 20, 2019 | Brexit, EU, EUR, GBP
Last week was potentially one of the biggest weeks in UK politics, with a historical defeat for Theresa May’s deal, with a vote of no confidence the following day. With these results, the assumption would have been due to the uncertainty in UK politics, the...
