by Prem Raja | Apr 26, 2020 | EU, EUR, FX, GBP, GDP
Last week was extremely volatile, following big moves in equities- and shocking moves in oil futures prices which dragged the whole market down with it. The only winner last week was the U.S Dollar, as investors flocked to it for a safe haven during the volatile week....
by Prem Raja | Apr 19, 2020 | BTC, EUR, FX, GBP, GDP, USD
Sterling exchange rates continued on the upside last week- closing on Friday above 1.15 against the Euro. We have seen Sterling rebound effectively against the lows 4 weeks ago. This is almost a gain of 10% on this currency pair- usually, it would take the market a...
by Prem Raja | Apr 10, 2020 | Brexit, EU, EUR, FX, GBP, USD
Ever since coronavirus was labelled a global pandemic, it has unfortunately spread very fast around the world, but not just through people- through economies as well. A country’s currency is directly or indirectly linked to its economy, so as economies are beginning...
by Prem Raja | Apr 4, 2020 | EU, EUR, FX, GBP, USD
Last week we saw GBPEUR hit a short term high of 1.1440- this partly due to traders buying the Pound aggressively over the last week- and also the fact that investors are unhappy with how the ECB is dealing with the economic effects of Covid19- so the Euro has been...
by Prem Raja | Mar 28, 2020 | EU, EUR, FX, GBP, GDP, USD
Sterling has become a very difficult currency to track- taking very large swings at regular intervals, sometimes, for reasons unknown to anybody. Throughout the last week, Sterling has gained back a lot of ground- going from 1.14-1.24 against the U.S Dollar, and going...
by Prem Raja | Mar 22, 2020 | Brexit, EU, EUR, FX, GBP, GDP, USD
Sterling lost a lot of ground over the last week against most major currencies- seeing lows of 1.14 against the U.S Dollar and 1.06 against the Euro. The Bank of England cut rates to 0.10% and increased QE to record amounts, alongside the ECB announcing a 750bn...
