by Prem Raja | Nov 12, 2022 | EU, EUR, FX, GBP, USD
Last week took an unexpected turn when U.S CPI came in slightly lower than expected at 6.3% (Expected at 6.5%), we instantly saw the market breathe a big sigh of relief as stocks and risk assets went up- as I have mentioned before, GBPUSD is a risk currency pair so...
by Prem Raja | Nov 6, 2022 | EU, GBP, USD
Last week was full of Central Bank announcements with the Fed raising rates by 75bps and the Bank of England following suit on Thursday. As always, what matters more than the actual rate decisions themselves is the commentary around it- the Fed seems to have signaled...
by Prem Raja | Oct 30, 2022 | EU, EUR, FX, GBP, USD
Sterling exchange rates have been performing relatively well over the last week since Rishi Sunak was made Prime Minister- we have seen GBPEUR hit 1.1650 and GBPUSD hit 1.1613. The markets seem to currently have confidence in PM Rishi Sunak (For now), however, there...
by Prem Raja | Oct 23, 2022 | Misc.
Well, it really happened. PM Liz Truss resigned from her post on Thursday after an astonishing 4 weeks on the job, it was clear that the markets were happy with this outcome with Sterling actually rising following the resignation on Thursday, and staying higher...
by Prem Raja | Oct 15, 2022 | EU, EUR, FX, GBP, USD
We had a very eventful end to last week with Chancellor Kwasi Kwarteng sacked and replaced by Jeremy Hunt. This came off the back of the BoE refusing to intervene further in the markets and halt it’s GILT purchases. PM Liz Truss held a press conference to calm...
by Prem Raja | Oct 9, 2022 | Brexit, EU, EUR, FX, GBP, USD
Pound sterling exchange rates suffered another blow last week as Fitch downgraded the UK’s outlook to negative amidst the current issues economically. The main reason of course was due to the unfunded fiscal package laid out by the Chancellor at his “Mini...
by Prem Raja | Oct 2, 2022 | EU, EUR, FX, GBP, USD
After a very volatile week- Sterling has managed to regain ground against most majors and has returned to same levels it was trading at prior to the Chancellor’s speech. This move must not be mistaken with the market now thinking the Chancellor’s plan is a...
by Prem Raja | Sep 25, 2022 | EU, EUR, FX, GBP, USD
Last week we saw a “Black Friday” event with Sterling falling over 3% against the Dollar and over 2% against the Euro. This has brought GBPUSD down to 1.0850 and GBPEUR to 1.1190. The only reason the losses were capped at these prices is because the market...
by Prem Raja | Sep 19, 2022 | FX, GBP, USD
It seems Sterling exchange rates have taken the elevator down recently with both GBPEUR and GBPUSD prices trading in the 1.13 area- for the Dollar, we have breached 35-year lows and for GBPEUR we are back to prices seen last year. Currently, the landscape does not...
by Prem Raja | Sep 11, 2022 | Brexit, EU, EUR, FX, GBP, USD
After a very sad week following the passing of Her Majesty Queen Elizabeth II, It seems that whatever is going on with the markets is trivial compared to the somber mood in the UK currently- unfortunately it doesn’t stop global markets so there are some things...
