by Prem Raja | Aug 4, 2024 | EU, EUR, FX, GBP, USD
Last week ended in a pretty explosive way after fewer jobs were added in the U.S than expected last month. Unemployment rose to 4.3%- essentially showing that the Fed has been behind the curve with interest rates and is clearly pretty late to the party- with the first...
by Prem Raja | Jul 28, 2024 | Misc.
Last week traders showed their hand by selling off the Pound on expectations that the BoE would be cutting interest rates this Thursday- with GBPEUR now trading at 1.1850 and GBPUSD trading at 1.2860. Now UK elections are over I feel the cut is warranted. It seems...
by Prem Raja | Jul 21, 2024 | EU, EUR, FX, GBP, GDP, USD
Before we get into markets- on Sunday, President Biden announced that he will be dropping out of the election- this was after rumours throughout the week that he would be doing this, however usually Politicians wait until markets are closed before making such...
by Prem Raja | Jul 14, 2024 | Misc.
The Euros are over and we are now back to life without football- Sterling exchange rates had a strong push-up through the week with GBPEUR closing the week at 1.19 and GBPUSD closing the week above 1.29- which gives us a very nice springboard into a potentially...
by Prem Raja | Jul 7, 2024 | EU, EUR, FX, GBP, USD
As I write this, the UK election results have already been declared with Labour winning a majority- this generally kept the Pound stable and didn’t add too much volatility into the market- the larger risk was the French elections- after the first round it seemed...
by Prem Raja | Jun 30, 2024 | EU, EUR, FX, GBP, USD
The first week of July brings is what has the potential to be a very volatile week with both UK and French elections on the cards (Alongside a very busy economic calendar). On Sunday the first round of voting begun, unfortunately, I am writing this while votes are...
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...
