by Prem Raja | Jun 23, 2024 | EU, EUR, FX, GBP, USD
After a week in the beautiful cities of Porto and Braga, I am now back in the UK and in the office- hopefully my great team have been able to take care of you all. The major story last week was the Bank of England making it very clear that they are preparing for a...
by Prem Raja | Jun 9, 2024 | EU, EUR, FX, GBP, USD
Last week we ended Friday with a monster jobs report out of the U.S showing that they created 272k jobs in May- this sent both GBPUSD and EURUSD lower instantly as it was a big surprise to the market- the wider implication is that the stronger the U.S economy is, the...
by Prem Raja | Jun 2, 2024 | EUR, FX, GBP, USD
Pound Sterling exchange rates have had a very good month in May, considering news of a UK election coming in July, the volatility has very much been swayed in favour of Sterling, which has given us a positive start to June. June will be an interesting month with...
by Prem Raja | May 27, 2024 | EU, EUR, FX, GBP, USD
Last week was quite eventful for Stering exchange rates with a higher than expected inflation print causing GBPEUR to spike to 1.1770 and GBPUSD to 1.2770- the data overall was seen as positive as it was low enough for the Government to take a victory lap, but now low...
by Prem Raja | May 19, 2024 | EU, EUR, GBP, GDP, USD
Last week was constructive for Sterling exchange rates with GBPEUR ending the week at 1.1685, and GBPUSD ending the week at 1.27. EURUSD was also bullish last week closing on Friday at 1.0870. As we enter a new week, there are different data releases to focus on which...
by Prem Raja | May 12, 2024 | EU, EUR, FX, GBP, GDP, USD
The last week was pretty volatile for Sterling exchange rates, with the Pound falling prior and following the BoE decision. The simple update is that 2 members voted for a cut which meant that traders have now started to price in the first BoE cut for June- this...
by Prem Raja | May 6, 2024 | EU, EUR, FX, GBP, GDP, USD
Last week we saw markets take a turn following a few weeks of Dollar strength- this was reversed by the Fed meeting which made clear that the Fed is now watching data to decide when to make it’s first interest rate cut, it was one of the most Dovish meetings in...
by Prem Raja | Apr 28, 2024 | EU, EUR, GBP, GDP, USD
Sterling exchange rates are in a strange position currently, on one hand, they are outperforming against the Euro, and on the other, severely underperforming against the U.S. dollar, which has strengthened by 3% since March. On Friday, GBPEUR closed at 1.1680, a solid...
by Prem Raja | Apr 21, 2024 | EUR, FX, GBP, USD
Sterling exchange rates had a pretty rough week, which got rougher on Friday afternoon when BoE member Ramsden spoke and mentioned that “risks to persistence in domestic inflation pressures are receding”- which essentially shows that he will be voting for...
by Prem Raja | Apr 14, 2024 | EUR, FX, GBP, USD
Last week was pretty busy on the macroeconomic front with Fed minutes, the ECB confirming a rate cut from June and plenty of economic data- however, this was all over shadowed by the escalating Middle East conflict with Iran launching a drone attack on Israel. The...