by Prem Raja | Apr 7, 2024 | EU, EUR, FX, GBP, USD
Last week, a substantial influx of data exerted pressure on the market. Notably, Janet Yellen from the U.S. government is currently in China, engaging in discussions aimed at fostering mutually beneficial agreements. A significant aspect of these discussions involves...
by Prem Raja | Mar 31, 2024 | EUR, FX, GBP, USD
March and the first quarter as a whole were very supportive for Sterling exchange rates, given the fact that we are now in an economic environment where the UK has officially fallen into a recession and that we are now talking about interest rate cuts, it has been a...
by Prem Raja | Mar 24, 2024 | EU, EUR, FX, GBP, GDP, USD
The Pound fell around 0.5% last week due to flat Retail Sales data and the BoE deciding to keep rates on hold- the reason why Sterling fell was the retail sales numbers came out at 0% which showed no growth at all, and after last month’s jump in spending this...
by Prem Raja | Mar 17, 2024 | EU, EUR, FX, GBP, USD
Hello all, I hope this message finds you well. Firstly, I’d like to extend my sincere apologies for my absence over the past couple of weeks. I’ve been on paternity leave, cherishing precious moments with my newborn. However, I’m thrilled to announce...
by Prem Raja | Feb 25, 2024 | EU, EUR, FX, GBP, GDP, USD
Pound Sterling exchange rates have held up pretty well over the last week, with GBPEUR trading at 1.17 and GBPUSD trading at 1.2670- this was following strong PMI data out of the UK which suggested strong demand across all sectors in the UK- the Bank of England is...
by Prem Raja | Feb 18, 2024 | EU, EUR, FX, GBP, USD
Last week delivered a blow to the Pound following GDP figures which showed the UK entered a recession last quarter- This wasn’t really news to us however now it has been made official we saw an effect to the exchange rates- both GBPEUR and GBPUSD fell after...
by Prem Raja | Feb 11, 2024 | EU, EUR, FX, GBP, GDP, USD
Sterling exchange rates have stayed resilient over the last week with an impressive close on Friday with GBPEUR above 1.17 and GBPUSD above 1.26, following a pretty choppy week. This week we have a lot of data out of the UK which we expect to move the markets,...
by Prem Raja | Feb 4, 2024 | EU, EUR, FX, GBP, Misc., USD
Last week was generally quite stable for Sterling following the Bank of England decision where rates were held with no real immediate concern for any cuts coming soon- the big news though was the NFP report on Friday which showed that the U.S had added 353k jobs in...
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...
