by Prem Raja | Feb 23, 2020 | Brexit, EU, EUR, FX, GBP, USD
Sterling had a good start to last week- this was unfortunately short-lived as GBPEUR exchange rates fell to the 1.19 area and GBPUSD fell as low as 1.28. The reason for this was a mix of Brexit deal headlines and the fact that the U.S Dollar has now become a safe...
by Prem Raja | Feb 17, 2020 | Brexit, EU, EUR, FX, GBP, GDP, USD
Last week the Pound was boosted by the resignation of Sajid Javid, and the choosing of his replacement- Rishi Sunak. The basis of this GBP strength is that Boris Johnson will now have more control over the treasury, and effectively increase Government spending- so he...
by Prem Raja | Feb 9, 2020 | Brexit, EU, EUR, FX, GBP, USD
Last week, Sterling fell by around 1% across the board and was the worst-performing currency of the week following negative rhetoric surrounding the UK-EU trade deal expected to be done this year. The Pound has failed to go back to the 1.19 level a few times and now,...
by Prem Raja | Jan 25, 2020 | Brexit, EU, EUR, FX, GBP, USD
The main topic over the last couple of weeks was the Bank of England, after 3 members (Including the Governor) came out and said they see a case to potentially cut interest rates this month- the chances of this cut rose to 50/50 and was highly dependant on certain...
by Prem Raja | Jan 12, 2020 | Brexit, EU, EUR, FX, GBP, GDP, USD
Last week, the news was dominated by reports from the U.S and Iran, which meant that we saw more movement on commodities such as Oil, Gold & Silver. Sterling was fairly static over the week and managed to stay in and around the same areas, in fact as the closed...
by Prem Raja | Jan 5, 2020 | Brexit, EU, EUR, FX, GBP, GDP
Finally, now Christmas and New Year is out of the way, we can get back on to the markets and see what is ahead of us over the next few weeks! As we entered 2020, Sterling lost the majority of its gains against the Euro and Dollar that we saw after the Election...
