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...
by Prem Raja | Jul 10, 2022 | Brexit, EU, EUR, FX, GBP, USD
Last week was definitely a strange one- with many resignations from Boris Johnson’s cabinet including Chancellor Rishi Sunak and many other high-profile names. Within 24 hours Boris Johnson tendered his resignation as it is evident there is no confidence in him...
by Prem Raja | Jul 3, 2022 | Brexit, EU, EUR, FX, GBP, USD
It seems Sterling exchange rates have seen the last of positive days for now, with GBPEUR trading at 1.15 and GBPUSD falling into the 1.19 area on Friday. The reason for these movements is simple, there are big concerns over the Global economy right now with rising...
by Prem Raja | May 16, 2022 | Brexit, EU, EUR, FX, GBP, GDP, USD
Sterling opened on Monday on a softer note with GBPEUR trading around 1.1750-1.18 and GBPUSD trading between 1.22-1.23. Fortunately, a higher close on Monday has given hope for a better Tuesday. Sterling has a few risks surrounding it currently, one of which being...
