by Prem Raja | Jan 28, 2024 | EUR, FX, GBP, USD
Sterling to Euro exchange rates rose again last week against the Euro following forward guidance given by the ECB. The key reason why we saw another jump in GBPEUR exchange rates is that President Lagarde didn’t rule out a cut in April but definitely, a cut by...
by Prem Raja | Jan 21, 2024 | EU, EUR, GBP, GDP, USD
A pretty well performing week was put to a halt on Sterling following retail sales data showing that UK shoppers were spending a lot less this December, this may have come down to the fact that consumers were buying in November during sale periods instead of waiting...
by Prem Raja | Jan 14, 2024 | EU, EUR, FX, GBP, USD
Sterling exchange rates closed on Friday net positive for the week after GDP numbers showed that the UK economy rebounded in November- however, the part that perhaps wasn’t reported as much is that over the quarter the economy contracted by 0.2%. Overall this is...
by Prem Raja | Jan 7, 2024 | EU, EUR, FX, GBP, USD
The first week of 2024 was relatively volatile while traders found their feet- we saw stock markets sell off pretty much everyday through the week and various data releases which moved the market- we saw GBPEUR as low as 1.15 and GBPUSD as low as 1.26 before both...
by Prem Raja | Dec 11, 2023 | EU, EUR, FX, GBP, USD
This week is pretty huge on the data and announcement front- with plenty going on in the market since the strong NFP data on Friday which supported the Dollar against the Euro and Sterling into the close. The main takeaway from Fridays jobs data is that the labour...
by Prem Raja | Dec 3, 2023 | EU, EUR, FX, GBP, USD
The last few weeks have been very supportive for Sterling- mainly due to the weakness in the Dollar and the risk on sentiment in the market currently- The FTSE has been on the rise, along with the S&P500 and NASDAQ. Usually, when the stock markets are more risk...
by Prem Raja | Nov 26, 2023 | EU, EUR, FX, GBP, USD
Last week’s data releases provided strength for the Pound after a pretty downbeat month or so on the market- showing that UK PMI numbers were back over the 50 area, which means that the UK economy is no longer contracting- we may not see massive growth over the...
by Prem Raja | Nov 19, 2023 | EU, EUR, FX, GBP, USD
Last week was generally pretty supportive for Sterling exchange rates from a data perspective- however on Friday this all changed very quickly as retail sales numbers came out as low as they were last in the pandemic. These spending numbers have pretty much confirmed...
by Prem Raja | Nov 13, 2023 | EU, EUR, FX, GBP, GDP, USD
It is no secret that Sterling exchange rates have been under pressure over the last month, with economic sentiment weighing heavy on the Pound alongside the BoE signaling that they are at the end of their rate hike cycle- Monday is a relatively quiet day on the data...
by Prem Raja | Nov 5, 2023 | EU, EUR, GBP, USD
After an important week of data and Central Bank decisions- Sterling exchange rates have managed to stabilise higher than where they started last week, both up around 1% respectively. The main reason for this was the Bank of England meeting where Governor Bailey...