by Prem Raja | Sep 6, 2019 | Brexit, EU, EUR, FX, GBP
Sterling exchange rates have been very volatile over the last week due to developments in UK Parliament. We have seen major strength in the Pound since Boris Johnson was defeated in Parliament after a law has been passed that a No Deal Brexit can’t happen...
by Prem Raja | Sep 1, 2019 | Brexit, EU, EUR, FX, GBP, USD
In last week’s article, I mentioned there was potential for an uptrend in GBPEUR exchange rates- and fortunately, we have seen the third week of consecutive gains for GBPEUR. There was short term volatility during the week following Boris Johnson asking the...
by Prem Raja | Aug 26, 2019 | EU, EUR, FX, GBP, USD
Over the past week, we have seen GBPEUR & GBPUSD begin to rise following positive comments after Boris Johnson’s meetings with Macron & Merkel- in an interview on Sunday he stated that a better deal is now “More likely” than it was before,...
by Prem Raja | Aug 18, 2019 | Brexit, EU, EUR, FX, GBP, GDP, Misc., USD
After a couple of months of non-stop weakness- we finally had a week of green for the Pound! We ended last week with GBPEUR sitting just above 1.06 following very poor GDP figures and investors selling off the Pound due to Brexit news. By Friday 16th August GBPEUR had...
by Prem Raja | Aug 11, 2019 | Brexit, EU, EUR, FX, GBP, GDP, USD
Unfortunately, it has been yet another bad week for the Pound- with GBPEUR going into the 1.06 area and GBPUSD hitting 1.20. This was largely due to the UK economy shrinking for the first time since 2012- data showed that the UK economy shrunk in Q2 of 2019. The...
by Prem Raja | Aug 3, 2019 | Brexit, EU, EUR, FX, GBP, GDP, USD
The UK officially now has a new PM, and once Boris Johnson took the reigns, we initially saw Sterling gain around 1% across the board- these gains were short-lived as Boris followed up with setting up a “War Cabinet” to prepare for a no-deal Brexit. We...
