by Prem Raja | Sep 1, 2024 | EU, EUR, FX, GBP, USD
August is generally a low liquidity month, however, we saw some pretty sharp moves on Sterling across the board with a rise on GBPEUR to 1.19, a drop to 1.15 and then a rise back to 1.19 again at the end of the month. We also got some concrete information from Central...
by Prem Raja | Aug 26, 2024 | EU, EUR, FX, GBP, GDP, USD
Sterling exchange rates have improved significantly since the market dropped off following the Bank of Japan rate hike, GBPEUR has now climbed back to the 1.18 level, and GBPUSD has now reached 1.32, the latter is mostly owed to a weakening Dollar Index and more risk...
by Prem Raja | Aug 18, 2024 | EU, EUR, FX, GBP, USD
Last week was very encouraging for Sterling bulls with GBPEUR rising above 1.17 and GBPUSD rising above 1.29. Retail sales coming in strong on Friday closed off the week perfectly for Sterling, alongside good jobs data- the retail sales data was aided by...
by Prem Raja | Aug 4, 2024 | EU, EUR, FX, GBP, USD
Last week ended in a pretty explosive way after fewer jobs were added in the U.S than expected last month. Unemployment rose to 4.3%- essentially showing that the Fed has been behind the curve with interest rates and is clearly pretty late to the party- with the first...
by Prem Raja | Jul 21, 2024 | EU, EUR, FX, GBP, GDP, USD
Before we get into markets- on Sunday, President Biden announced that he will be dropping out of the election- this was after rumours throughout the week that he would be doing this, however usually Politicians wait until markets are closed before making such...
by Prem Raja | Jul 7, 2024 | EU, EUR, FX, GBP, USD
As I write this, the UK election results have already been declared with Labour winning a majority- this generally kept the Pound stable and didn’t add too much volatility into the market- the larger risk was the French elections- after the first round it seemed...
