by Prem Raja | Oct 29, 2023 | EU, EUR, FX, GBP, USD
The Pound has struggled to maintain any form of strength against the Euro and Dollar over the last month, with GBPEUR currently trading at 1.1470 and GBPUSD trading at 1.2110. After a dovish ECB meeting last week we saw the Euro weaken across the board, with recession...
by Prem Raja | Oct 22, 2023 | EU, EUR, FX, GBP, USD
Pound sterling exchange rates had a pretty torrid time last week following weak data releases, with the final blow coming from weaker-than-expected retail sales numbers on Friday alongside by-election results. I am not sure UK politics is playing a large part in...
by Prem Raja | Oct 15, 2023 | EU, EUR, FX, GBP, USD
GBPEUR rates have remained pretty supported over the last week with Pound to Euro rates closing the week around 1.1550- unfortunately, GBPUSD has been a different story, the last week has seen us drop from 1.23 down to 1.21 which is a rather large move- unfortunately,...
by Prem Raja | Oct 1, 2023 | EU, EUR, FX, GBP, USD
The month ended with GBPEUR at 1.1530 and GBPUSD at 1.22- over all the month of September was not very supportive for the Sterling and we saw a lot of weakness to end the quarter- although we have also seen a weaker Euro alongside a weaker Pound, it seems traders have...
by Prem Raja | Sep 24, 2023 | EU, EUR, FX, GDP, USD
Sterling weakness has been the main theme of September so far, and last week we saw these moves accelerated after the Bank of England decided to keep interest rates on hold and going against market expectations. Inflation has been cooling slightly (For now), however,...
by Prem Raja | Sep 17, 2023 | EU, EUR, FX, GBP, GDP, USD
The ECB surprised markets last week by raising interest rates by 25bps to record highs instead of keeping them on hold as initially expected- the bank now will pause on rate hikes for now and keep an eye on data- it seems the ECB believes that growth will be slow in...
