by Prem Raja | Oct 12, 2024 | EU, EUR, FX, GBP, GDP, USD
Hello all! Apologies for the lack of reports over the last few weeks, I have been travelling but back in the UK now and back on the desk- so far we have had a pretty eventful month with escalations in the Middle East, plenty of news out of the Bank of England and the...
by Prem Raja | Sep 8, 2024 | EU, EUR, FX, GBP, GDP, USD
There has been a significant risk off tone in the markets over the last two weeks- where we have seen stocks sell off, and consequently, Pound Sterling as well. GBPUSD usually gets hit the most in a risk off environment, alongside EURUSD, both down around 1.5% over...
by Prem Raja | Aug 26, 2024 | EU, EUR, FX, GBP, GDP, USD
Sterling exchange rates have improved significantly since the market dropped off following the Bank of Japan rate hike, GBPEUR has now climbed back to the 1.18 level, and GBPUSD has now reached 1.32, the latter is mostly owed to a weakening Dollar Index and more risk...
by Prem Raja | Aug 11, 2024 | EU, EUR, GBP, GDP, USD
Over the last week we have only seen a slight recovery on Sterling exchange rates, with GBPEUR now reaching 1.1680 and GBPUSD now reading 1.2750- which is still 1.5% away from the highs just two weeks ago. We have seen a material change in the market since the BoJ...
by Prem Raja | Jul 21, 2024 | EU, EUR, FX, GBP, GDP, USD
Before we get into markets- on Sunday, President Biden announced that he will be dropping out of the election- this was after rumours throughout the week that he would be doing this, however usually Politicians wait until markets are closed before making such...
by Prem Raja | May 19, 2024 | EU, EUR, GBP, GDP, USD
Last week was constructive for Sterling exchange rates with GBPEUR ending the week at 1.1685, and GBPUSD ending the week at 1.27. EURUSD was also bullish last week closing on Friday at 1.0870. As we enter a new week, there are different data releases to focus on which...