by Prem Raja | Jun 28, 2020 | Brexit, EU, EUR, FX, GBP, USD
Sterling saw it’s 3rd week of declines by the end of the week as risks entered the market again- concerns about the U.S-China trade deal, coronavirus, and the UK trade deals with the EU & Japan got priced in again before market close which has put Sterling...
by Prem Raja | Jun 21, 2020 | Brexit, EU, EUR, FX, GBP, USD
What a week… After a good little spell for Sterling through early June, we finally started to see GBP exchange rates crumble under pressure. In one week, we have seen GBPUSD exchange rates drop from 1.28 down to 1.2350. To put this in context, a purchase of 100k...
by Prem Raja | Jun 14, 2020 | Brexit, EU, EUR, FX, GBP, USD
We saw Pound to Dollar exchange rates rally last week up to 1.28 (Albeit was only for around 60 seconds) during the Fed meeting where it was announced that there were no further measures for now. My guess is that the market was waiting for more stimulus to be...
by Prem Raja | Jun 7, 2020 | Brexit, EU, EUR, FX, GBP, USD
Over the last week, we had many catalysts we were watching that could affect the market- the first being Brexit negotiations- which by Friday, showed enough signs of continuance to not scare traders away- it was stated that progress was limited, but any progress is...
by Prem Raja | May 31, 2020 | Brexit, EU, EUR, FX, GBP, USD
Last week was busy politically as UK PM Boris Johnson announced that the UK economy will begin reopening from June 1st, with other non-essential businesses opening June 15th. This has received some backlash as many scientists are claiming that it is too early for the...
by Prem Raja | May 24, 2020 | Brexit, EU, EUR, FX, GBP
Sterling exchange rates were relatively stable last week- with Pound to Euro rates closing at the 1.11 area on Friday and Pound to Dollar exchange rates closing at 1.21- of course, these rates are a lot lower than what we had a couple of weeks ago, but through the...
