by Prem Raja | Dec 15, 2024 | EU, EUR, FX, GBP, USD
Sterling ended the week on a pretty negative note following weak UK GDP data with GBPEUR falling to 1.20, and GBPUSD falling to 1.26. The biggest concern with the data was that the services sector in the UK showed no growth in October, the same as September, which has...
by Prem Raja | Dec 8, 2024 | EU, EUR, FX, GBP, USD
Last week French politics took the spotlight with a vote of no confidence resulting in the current Government being dissolved. Upon PM Barniner’s exit, there has been much positive movement with President Macron committing to installing a PM that will get the...
by Prem Raja | Dec 1, 2024 | EU, EUR, FX, GBP, USD
November was a very volatile month mainly due to the U.S. presidential election and issues in the German government, we saw some big moves in FX, we have GBPEUR at 1.20, EURUSD at 1.05 (Down from 1.10) and GBPUSD at 1.27 (Down from 1.32)- the longevity of these moves...
by Prem Raja | Nov 10, 2024 | EU, EUR, FX, GBP, USD
Last week was probably the biggest week of the year on financial markets with Trump winning the US Presidential Election, the Bank of England cutting rates by 25 bps and the Fed also cutting rates by 25 bps. The aftermath of these events has resulted in a strong...
by Prem Raja | Nov 3, 2024 | EU, EUR, FX, GBP, USD
Following the bond sell off’s last week after the Chancellor’s Autumn budget, the Pound has managed to steady itself going into the new week, as it seems Gilt investors are convinced of the Government’s spending plans- how this plays out over coming...
by Prem Raja | Oct 20, 2024 | EU, EUR, FX, GBP, USD
On Friday we saw Sterling rise against the Euro above 1.20 following positive retail sales data, giving us the best GBPEUR exchange rate in over 2 years. Retail sales were expected negative,but thanks to good weather and more money in peoples pockets, spending picked...
