by Prem Raja | May 17, 2020 | Brexit, EU, EUR, FX, GBP, GDP, Misc.
Pound to Euro rates had their worst week since the big pandemic sell-off in March- closing on Friday evening at lows of 1.1180, which was an over 2% drop. Against other currencies, Sterling fell further, with Pound to Dollar exchange rates falling over 4% to 1.20. The...
by Prem Raja | May 3, 2020 | Brexit, EU, EUR, GBP, USD
The Pound to Euro exchange rate fell to 1.1373 on Friday after reaching a weekly high of 1.15 the day before. We also saw the same with the Pound to Dollar exchange rate, reaching 1.26 on Thursday and falling to 1.2480 as we closed the week. Donald Trump’s...
by Prem Raja | Apr 10, 2020 | Brexit, EU, EUR, FX, GBP, USD
Ever since coronavirus was labelled a global pandemic, it has unfortunately spread very fast around the world, but not just through people- through economies as well. A country’s currency is directly or indirectly linked to its economy, so as economies are beginning...
by Prem Raja | Mar 22, 2020 | Brexit, EU, EUR, FX, GBP, GDP, USD
Sterling lost a lot of ground over the last week against most major currencies- seeing lows of 1.14 against the U.S Dollar and 1.06 against the Euro. The Bank of England cut rates to 0.10% and increased QE to record amounts, alongside the ECB announcing a 750bn...
by Prem Raja | Mar 8, 2020 | Brexit, EU, EUR, FX, GBP, GDP, USD
Last week, we saw the Euro become the strongest currency of the week amid coronavirus fears across the globe and fearful markets. The Fed did an emergency interest rate cut (First time this has happened since the Lehman collapse in 2008) which pushed EURUSD up...
by Prem Raja | Mar 1, 2020 | Brexit, EU, EUR, FX, GBP, USD
Well, what a week it was for Sterling; We saw GBPEUR drop to 1.16 (From 1.20) and GBPUSD drop to 1.27 (From 1.30). There have been several reasons for the drop over the last week; the main ones being the coronavirus outbreak, stock markets bleeding, loss of confidence...
