by Prem Raja | Apr 16, 2023 | EU, EUR, FX, GBP, USD
After a disappointing retail sales release from the U.S on Friday, we saw the markets very quickly jump into positions on the Dollar- GBPUSD fell from 1.25 down to 1.24, EURUSD from 1.10 down to 1.09, and GBPEUR from 1.1370 down to 1.1280. So why did the Dollar...
by Prem Raja | Apr 10, 2023 | Brexit, EU, EUR, FX, GBP, GDP, USD
Markets have been quiet due to the extended Easter Bank Holiday weekend- but on Friday we did have U.S NFP’s release- and though the number was better than expected, the market seems to now be in agreement that the last few months of job cuts globally will now...
by Prem Raja | Apr 2, 2023 | EU, EUR, FX, GBP, GDP
Overall, the month of March was quite supportive for Sterling with GBPEUR closing the month at 1.1370 and GBPUSD closing at 1.2320. With positive GDP for the UK and a relatively stable budget, there weren’t too many surprises for Sterling sellers over the month....
by Prem Raja | Mar 26, 2023 | EU, EUR, FX, GBP, USD
Last week was pretty jam-packed as far as announcements were concerned with the Fed and the BoE both raising interest rates by 25bps. For both central banks, it is still unclear what the forward guidance is- but with inflation still being an issue I would still not...
by Prem Raja | Mar 19, 2023 | EU, EUR, FX, USD
The markets have been all over the place since the closure of SVB last week, which was joined by 5 other small banks as the week went on. The latest issue on the cards is Credit Suisse who are having problems, the issue with this is that Credit Suisse is very much one...
by Prem Raja | Mar 12, 2023 | EU, EUR, FX, GBP, GDP, USD
Last Friday we saw the first major bank failure since 2008 when the Silicon Valley Bank was closed by Regulators- the long and short of the issues with the bank was overexposure to the tech sector and big investments in 10-year treasuries which have been hindered by...
by Prem Raja | Mar 5, 2023 | EU, EUR, FX, GBP, USD
After quite an eventful week on the markets with GBPEUR reaching 1.14 and then retreating back to 1.1320 by Friday’s close and GBPUSD hitting above 1.21 before settling at 1.20- we have a pretty data-packed week ahead which should present opportunities for those...
by Prem Raja | Feb 12, 2023 | Brexit, EU, EUR, FX, GBP, USD
Sterling has been under a lot of pressure over the last month, with the latest release being UK GDP last week which showed that the UK economy shrank a lot more than previously expected in December. The media has taken the underlying number as a positive which...
by Prem Raja | Jan 7, 2023 | EU, EUR, FX, GBP, GDP, USD
We had an interesting first week back on the market with pretty limited data releases and Sterling exchange rates having both strong and weak days against the Euro and Dollar. The main focus for the week was U.S Employment and Non Farm Payrolls- which showed 223k jobs...
by Prem Raja | Dec 11, 2022 | EU, EUR, FX, GBP, GDP, USD
The last week has been quite supportive for Sterling exchange rates with GBPEUR trading between 1.16-1.17 and GBPUSD trading between 1.22-1.23. This has been for various reasons, one of which has been the beginning of the Fed pivot on interest rates and the sudden...
