by Prem Raja | Jul 10, 2022 | Brexit, EU, EUR, FX, GBP, USD
Last week was definitely a strange one- with many resignations from Boris Johnson’s cabinet including Chancellor Rishi Sunak and many other high-profile names. Within 24 hours Boris Johnson tendered his resignation as it is evident there is no confidence in him...
by Prem Raja | Jul 3, 2022 | Brexit, EU, EUR, FX, GBP, USD
It seems Sterling exchange rates have seen the last of positive days for now, with GBPEUR trading at 1.15 and GBPUSD falling into the 1.19 area on Friday. The reason for these movements is simple, there are big concerns over the Global economy right now with rising...
by Prem Raja | Jun 5, 2022 | EU, EUR, FX, GBP, USD
Last week we saw record highs for CPI (Inflation) out of Europe- which has spurred many ECB policymakers to begin making public statements about interest rate hikes, with the first expected in July and another priced in for September (25 bps each time.) With the ECB...
by Prem Raja | May 22, 2022 | EU, EUR, FX, GBP, USD
After a relatively rough week on the market, Sterling exchange rates got a boost following better than expected retail sales figures out of the UK- with food and fuel sales both higher than the previous month. Many were looking for spending to collapse amidst the...
by Prem Raja | May 16, 2022 | Brexit, EU, EUR, FX, GBP, GDP, USD
Sterling opened on Monday on a softer note with GBPEUR trading around 1.1750-1.18 and GBPUSD trading between 1.22-1.23. Fortunately, a higher close on Monday has given hope for a better Tuesday. Sterling has a few risks surrounding it currently, one of which being...
by Prem Raja | May 2, 2022 | EU, EUR, FX, GBP, USD
It has been an incredibly volatile week- predominantly for GBPUSD and EURUSD pairs, with Cable falling to lows of 1.24 and EURUSD falling to 1.04 following massive Dollar strength. This has now put Sterling exchange rates in a strange position going into the new...
