by Prem Raja | Aug 28, 2023 | EU, EUR, FX, GBP, GDP, USD
As most of you are aware, it was a bank holiday in the UK on Monday hence the blog being one day late- we had a pretty interesting week on markets with the Jackson Hole Symposium being a non event with no real policy change announced, the FOMC maintained that they...
by Prem Raja | Aug 20, 2023 | EU, EUR, FX, GBP, USD
From Monday-Thursday Sterling actually performed pretty well on the week, with Pound to Euro rate reaching 1.1730 and the Pound to Dollar rate hitting 1.28. Unfortunately, on Friday morning, weak UK retail sales showed a fall of -1.2% which brought Sterling down...
by Prem Raja | Aug 13, 2023 | Brexit, EU, EUR, FX, GBP, USD
After positive UK GDP data, the Pound traded a little higher on Friday after a relatively disappointing performance over the week- the data showed that the UK economy has in fact still grown a little through this current cost of living crisis- for those of you in the...
by Prem Raja | Aug 6, 2023 | EU, EUR, FX, GBP, GDP, USD
Last week the main event was the BoE interest rate hike, where the Central Bank raised interest rates by 25bps- but kept the stance of more hikes COULD happen if inflation were to go higher again, and that rates will stay high for at least a couple of years before any...
by Prem Raja | Jul 30, 2023 | EU, EUR, FX, GBP, GDP, USD
Apologies for the lack of reports over the last few weeks- I have been in the process of moving house and now finally have my office set up so we are back to regular scheduled programming. The markets have been very volatile over the past week with the main catalysts...
by Prem Raja | Jun 25, 2023 | EU, EUR, FX, GBP, GDP, USD
As I mentioned last week, we were expecting a 25 bps hike from the BoE, however after another high inflation reading, the Central Bank had to make a more aggressive move on Thursday and decided to go with a 50 bps hike- stating that things are worse than they...
