by Prem Raja | Sep 25, 2022 | EU, EUR, FX, GBP, USD
Last week we saw a “Black Friday” event with Sterling falling over 3% against the Dollar and over 2% against the Euro. This has brought GBPUSD down to 1.0850 and GBPEUR to 1.1190. The only reason the losses were capped at these prices is because the market...
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 29, 2022 | EU, EUR, FX, GBP, USD
Sterling exchange rates fell at the end of last week after comments from Jackson Hole, bringing GBPEUR down to 1.17 and GBPUSD down to 1.17 as well. Comments from Jackson Hole were still pretty hawkish stating the Fed is looking to raise rates again in September by 75...
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...
