by Prem Raja | Jul 26, 2020 | Brexit, EU, EUR, FX, GBP
Last week we saw GBPEUR exchange rates decline to 1.0970 as the Euro caught a major bid throughout the week following the EU recovery fund news- we also saw EURUSD gain around 2% on the week, which in many trader’s eyes is now overextended- however, this...
by Prem Raja | Jul 19, 2020 | Brexit, EU, EUR, FX, GBP, GDP, USD
Last week we saw Sterling begin to weaken further- predominantly against the Euro as exchange rates entered the 1.09 area on Friday- this was mainly due to optimism about the EU recovery fund being sorted this weekend. At time of writing (Sunday afternoon)- the EU...
by Prem Raja | Jul 12, 2020 | Brexit, EU, EUR, FX, GBP, USD
Last week we saw Pound Sterling Exchange Rates continue to rally across the board, closing Friday at 1.1170 against the Euro and above 1.26 against the U.S Dollar. The main catalyst for this was the Summer Budget from Chancellor Rishi Sunak who announced numerous...
by Prem Raja | Jul 5, 2020 | Brexit, EU, EUR, FX, GBP, GDP
We had a relatively mixed week last week after Sterling pairs unexpectedly rose through the beginning of the week- there are a number of reasons why this could have been- the first and most important is that we are currently in a “risk-on” market- which...
by Prem Raja | Jun 28, 2020 | Brexit, EU, EUR, FX, GBP, USD
Sterling saw it’s 3rd week of declines by the end of the week as risks entered the market again- concerns about the U.S-China trade deal, coronavirus, and the UK trade deals with the EU & Japan got priced in again before market close which has put Sterling...
by Prem Raja | Jun 21, 2020 | Brexit, EU, EUR, FX, GBP, USD
What a week… After a good little spell for Sterling through early June, we finally started to see GBP exchange rates crumble under pressure. In one week, we have seen GBPUSD exchange rates drop from 1.28 down to 1.2350. To put this in context, a purchase of 100k...
