by Prem Raja | Jul 21, 2019 | Brexit, EU, EUR, FX, GBP
As last week concluded, we began to see Sterling strengthen against the Euro and the Dollar by around 1% which was positive for Sterling sellers. The reason for this is that Sterling had begun to bottom out and became oversold, and traders generally see this as a good...
by Prem Raja | Jul 14, 2019 | Brexit, EU, EUR, FX, GBP, GDP, USD
The last week was fairly quiet for Sterling exchange rates, with both GBPEUR and GBPUSD moving within a 1% range for the whole week. The main focus was on Fed Chair Powell pretty much confirming an interest rate cut in the U.S at the end of this month, which will...
by Prem Raja | Jul 8, 2019 | EU, EUR, FX, GBP, GDP
Sterling has struggled to find real support against the Euro and Dollar over the last couple of months- it seems that even though the Fed is set to cut interest rates and the EU economy is slowing down- it is still not enough for Sterling to make any real gains...
by Prem Raja | Jun 30, 2019 | EU, EUR, FX, GBP, USD
For those of you trading Sterling, you would know that since Easter, we have seen a downtrend on the Pound against all majors, but mainly against the Euro. We are currently trading between 1.1120-1.1166, and it seems that the downtrend will continue down to 1.10...
by Prem Raja | Jun 14, 2019 | Brexit, EU, EUR, FX, GBP, GDP, USD
After six consecutive weeks of losses for the Pound, it is clear to everyone that investor confidence in the Pound is back to an all-time low. The last time we saw such losses was the last General election which saw Theresa May lose her majority in Parliament. The...
by Prem Raja | May 27, 2019 | Brexit, EU, EUR, FX, GBP, GDP, USD
I hope you all enjoyed your Bank Holiday! It seems politics is back at the wheel driving the markets following British PM Theresa May announcing her resignation in June. Investors saw this as a risk for Sterling (Due to uncertainty) so we saw a sell-off on the Pound...
