by Prem Raja | Nov 12, 2022 | EU, EUR, FX, GBP, USD
Last week took an unexpected turn when U.S CPI came in slightly lower than expected at 6.3% (Expected at 6.5%), we instantly saw the market breathe a big sigh of relief as stocks and risk assets went up- as I have mentioned before, GBPUSD is a risk currency pair so...
by Prem Raja | Oct 30, 2022 | EU, EUR, FX, GBP, USD
Sterling exchange rates have been performing relatively well over the last week since Rishi Sunak was made Prime Minister- we have seen GBPEUR hit 1.1650 and GBPUSD hit 1.1613. The markets seem to currently have confidence in PM Rishi Sunak (For now), however, there...
by Prem Raja | Oct 15, 2022 | EU, EUR, FX, GBP, USD
We had a very eventful end to last week with Chancellor Kwasi Kwarteng sacked and replaced by Jeremy Hunt. This came off the back of the BoE refusing to intervene further in the markets and halt it’s GILT purchases. PM Liz Truss held a press conference to calm...
by Prem Raja | Oct 9, 2022 | Brexit, EU, EUR, FX, GBP, USD
Pound sterling exchange rates suffered another blow last week as Fitch downgraded the UK’s outlook to negative amidst the current issues economically. The main reason of course was due to the unfunded fiscal package laid out by the Chancellor at his “Mini...
by Prem Raja | Oct 2, 2022 | EU, EUR, FX, GBP, USD
After a very volatile week- Sterling has managed to regain ground against most majors and has returned to same levels it was trading at prior to the Chancellor’s speech. This move must not be mistaken with the market now thinking the Chancellor’s plan is a...
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...
