by Prem Raja | Mar 28, 2020 | EU, EUR, FX, GBP, GDP, USD
Sterling has become a very difficult currency to track- taking very large swings at regular intervals, sometimes, for reasons unknown to anybody. Throughout the last week, Sterling has gained back a lot of ground- going from 1.14-1.24 against the U.S Dollar, and going...
by Prem Raja | Mar 22, 2020 | Brexit, EU, EUR, FX, GBP, GDP, USD
Sterling lost a lot of ground over the last week against most major currencies- seeing lows of 1.14 against the U.S Dollar and 1.06 against the Euro. The Bank of England cut rates to 0.10% and increased QE to record amounts, alongside the ECB announcing a 750bn...
by Prem Raja | Mar 8, 2020 | Brexit, EU, EUR, FX, GBP, GDP, USD
Last week, we saw the Euro become the strongest currency of the week amid coronavirus fears across the globe and fearful markets. The Fed did an emergency interest rate cut (First time this has happened since the Lehman collapse in 2008) which pushed EURUSD up...
by Prem Raja | Feb 17, 2020 | Brexit, EU, EUR, FX, GBP, GDP, USD
Last week the Pound was boosted by the resignation of Sajid Javid, and the choosing of his replacement- Rishi Sunak. The basis of this GBP strength is that Boris Johnson will now have more control over the treasury, and effectively increase Government spending- so he...
by Prem Raja | Jan 12, 2020 | Brexit, EU, EUR, FX, GBP, GDP, USD
Last week, the news was dominated by reports from the U.S and Iran, which meant that we saw more movement on commodities such as Oil, Gold & Silver. Sterling was fairly static over the week and managed to stay in and around the same areas, in fact as the closed...
by Prem Raja | Jan 5, 2020 | Brexit, EU, EUR, FX, GBP, GDP
Finally, now Christmas and New Year is out of the way, we can get back on to the markets and see what is ahead of us over the next few weeks! As we entered 2020, Sterling lost the majority of its gains against the Euro and Dollar that we saw after the Election...
