by Prem Raja | Sep 29, 2019 | Brexit, EU, EUR, FX, GBP, GDP, USD
Political tensions in the UK have risen following the Supreme Court deeming Boris Johnson’s prorogue of Parliament to be unlawful. Parliament immediately returned to the House of Commons following this decision and begun putting pressure on the PM about this...
by Prem Raja | Sep 21, 2019 | Brexit, EU, EUR, FX, GBP, GDP, USD
It has been another positive week for Sterling following events from Central Banks and Brexit news. We saw GBPUSD above 1.25 and GBPEUR above 1.13 after the Fed announced their interest rate cut and the probability for more, and potential QE- This alongside Junkers...
by Prem Raja | Sep 15, 2019 | Brexit, EU, EUR, GBP, GDP, USD
Last week Sterling began to trade higher against the Euro & Dollar- hitting 1.1280 against the Euro and crossing 1.25 against the U.S Dollar. The Euro weakened significantly last week following the ECB’s decision to cut deposit rates and re-start QE; which...
by Prem Raja | Aug 18, 2019 | Brexit, EU, EUR, FX, GBP, GDP, Misc., USD
After a couple of months of non-stop weakness- we finally had a week of green for the Pound! We ended last week with GBPEUR sitting just above 1.06 following very poor GDP figures and investors selling off the Pound due to Brexit news. By Friday 16th August GBPEUR had...
by Prem Raja | Aug 11, 2019 | Brexit, EU, EUR, FX, GBP, GDP, USD
Unfortunately, it has been yet another bad week for the Pound- with GBPEUR going into the 1.06 area and GBPUSD hitting 1.20. This was largely due to the UK economy shrinking for the first time since 2012- data showed that the UK economy shrunk in Q2 of 2019. The...
by Prem Raja | Aug 3, 2019 | Brexit, EU, EUR, FX, GBP, GDP, USD
The UK officially now has a new PM, and once Boris Johnson took the reigns, we initially saw Sterling gain around 1% across the board- these gains were short-lived as Boris followed up with setting up a “War Cabinet” to prepare for a no-deal Brexit. We...
