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 | 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...
by Prem Raja | Aug 21, 2022 | Brexit, EU, EUR, FX, GBP, GDP, USD
It was quite a steady week for Sterling exchange rates with GBPEUR hitting 1.19 on Wednesday, and GBPUSD hitting 1.21 on the same day. The strength in Sterling was very quickly put to bed by Friday after UK data releases which caused Sterling to hit 1.17 against the...
by Prem Raja | Aug 13, 2022 | Brexit, EU, EUR, FX, GBP, USD
On Friday morning the UK had it’s GDP release that showed a contraction of 0.1% (Growth of -0.1%) for the last quarter which was slightly better than what markets were predicting. On the back of this, we saw Sterling maintain some strength through Friday, with a...
by Prem Raja | Aug 7, 2022 | Brexit, EU, EUR, FX, GBP, GDP, USD
The Pound started last week on the front foot against most currencies until Thursday when the Bank of England raised interest rates by 50bps- this, itself would usually be viewed as a hawkish moment from the Central Bank, however, commentary from Governor Bailey very...
by Prem Raja | Jul 17, 2022 | Brexit, EU, EUR, FX, GBP, GDP, USD
Sterling exchange rates had a pretty rough week with GBPEUR falling from 1.19 down to 1.1750 and GBPUSD dropping as low as 1.1770 through the week. The primary reason for these moves was the surge in the U.S Dollar continuing through the week amidst concerns about...
