by Prem Raja | Aug 21, 2022 | Brexit, EU, EUR, FX, GBP, GDP, USD
It was quite a steady week for Sterling exchange rates with GBPEUR hitting 1.19 on Wednesday, and GBPUSD hitting 1.21 on the same day. The strength in Sterling was very quickly put to bed by Friday after UK data releases which caused Sterling to hit 1.17 against the...
by Prem Raja | Aug 13, 2022 | Brexit, EU, EUR, FX, GBP, USD
On Friday morning the UK had it’s GDP release that showed a contraction of 0.1% (Growth of -0.1%) for the last quarter which was slightly better than what markets were predicting. On the back of this, we saw Sterling maintain some strength through Friday, with a...
by Prem Raja | Aug 7, 2022 | Brexit, EU, EUR, FX, GBP, GDP, USD
The Pound started last week on the front foot against most currencies until Thursday when the Bank of England raised interest rates by 50bps- this, itself would usually be viewed as a hawkish moment from the Central Bank, however, commentary from Governor Bailey very...
by Prem Raja | Jul 31, 2022 | EU, EUR, FX, GBP, GDP, USD
As we now enter August after a very volatile July- what we are hoping for is some calm in the market, we do usually get a “Summer Lull”- however with Central Bank activity this month, this may not be the case. In July we saw both the Fed ad the ECB raise...
by Prem Raja | Jul 23, 2022 | EU, EUR, FX, GBP, USD
Last week, we saw the ECB finally raise interest rates by 50 bps for the first time in over a decade. The initial reaction was positive for the Euro, but it seems that many market participants feel that this was too little too late, and following Mario Draghi’s...
by Prem Raja | Jul 17, 2022 | Brexit, EU, EUR, FX, GBP, GDP, USD
Sterling exchange rates had a pretty rough week with GBPEUR falling from 1.19 down to 1.1750 and GBPUSD dropping as low as 1.1770 through the week. The primary reason for these moves was the surge in the U.S Dollar continuing through the week amidst concerns about...
