by Prem Raja | Oct 29, 2023 | EU, EUR, FX, GBP, USD
The Pound has struggled to maintain any form of strength against the Euro and Dollar over the last month, with GBPEUR currently trading at 1.1470 and GBPUSD trading at 1.2110. After a dovish ECB meeting last week we saw the Euro weaken across the board, with recession...
by Prem Raja | Oct 22, 2023 | EU, EUR, FX, GBP, USD
Pound sterling exchange rates had a pretty torrid time last week following weak data releases, with the final blow coming from weaker-than-expected retail sales numbers on Friday alongside by-election results. I am not sure UK politics is playing a large part in...
by Prem Raja | Oct 15, 2023 | EU, EUR, FX, GBP, USD
GBPEUR rates have remained pretty supported over the last week with Pound to Euro rates closing the week around 1.1550- unfortunately, GBPUSD has been a different story, the last week has seen us drop from 1.23 down to 1.21 which is a rather large move- unfortunately,...
by Prem Raja | Oct 1, 2023 | EU, EUR, FX, GBP, USD
The month ended with GBPEUR at 1.1530 and GBPUSD at 1.22- over all the month of September was not very supportive for the Sterling and we saw a lot of weakness to end the quarter- although we have also seen a weaker Euro alongside a weaker Pound, it seems traders have...
by Prem Raja | Sep 24, 2023 | EU, EUR, FX, GDP, USD
Sterling weakness has been the main theme of September so far, and last week we saw these moves accelerated after the Bank of England decided to keep interest rates on hold and going against market expectations. Inflation has been cooling slightly (For now), however,...
by Prem Raja | Sep 17, 2023 | EU, EUR, FX, GBP, GDP, USD
The ECB surprised markets last week by raising interest rates by 25bps to record highs instead of keeping them on hold as initially expected- the bank now will pause on rate hikes for now and keep an eye on data- it seems the ECB believes that growth will be slow in...
by Prem Raja | Sep 10, 2023 | EU, EUR, FX, GDP, USD
According to many analysts, the end of August marked a turning point for the Pound- with the first 2 quarters of this year pretty much fuelled by Sterling strength, it seems that is now changing with the U.S Dollar now catching a bid again across the board. The reason...
by Prem Raja | Sep 3, 2023 | EU, EUR, FX, GBP, USD
As the first full week of the month fets into full swing- we have a pretty quiet Monday with it being Labor day in the U.S- the only key release will be a speech from ECB President Lagarde, markets are quite torn on whether the ECB will raise rates again so this...
by Prem Raja | Aug 28, 2023 | EU, EUR, FX, GBP, GDP, USD
As most of you are aware, it was a bank holiday in the UK on Monday hence the blog being one day late- we had a pretty interesting week on markets with the Jackson Hole Symposium being a non event with no real policy change announced, the FOMC maintained that they...
by Prem Raja | Aug 20, 2023 | EU, EUR, FX, GBP, USD
From Monday-Thursday Sterling actually performed pretty well on the week, with Pound to Euro rate reaching 1.1730 and the Pound to Dollar rate hitting 1.28. Unfortunately, on Friday morning, weak UK retail sales showed a fall of -1.2% which brought Sterling down...
