by Prem Raja | Jul 30, 2023 | EU, EUR, FX, GBP, GDP, USD
Apologies for the lack of reports over the last few weeks- I have been in the process of moving house and now finally have my office set up so we are back to regular scheduled programming. The markets have been very volatile over the past week with the main catalysts...
by Prem Raja | Jun 25, 2023 | EU, EUR, FX, GBP, GDP, USD
As I mentioned last week, we were expecting a 25 bps hike from the BoE, however after another high inflation reading, the Central Bank had to make a more aggressive move on Thursday and decided to go with a 50 bps hike- stating that things are worse than they...
by Prem Raja | Jun 11, 2023 | EU, EUR, FX, GBP, GDP, USD
The GBPEUR exchange rate has hit a new 2023 high of 1.17 on Friday afternoon- Sterling has technically been strong over the last month or so with back-to-back gains against the Euro and Dollar. The reason for the strength has now been due to interest rate hike bets-...
by Prem Raja | May 29, 2023 | EU, EUR, FX, GBP, GDP, USD
The last week was pretty volatile for markets- with traders now pricing in more BoE hikes this year (Expected to reach 5.5%) following inflation data showing no sign of cooling yet. Naturally, this helped push the GBPEUR rate higher into the 1.15 area- but...
by Prem Raja | Apr 10, 2023 | Brexit, EU, EUR, FX, GBP, GDP, USD
Markets have been quiet due to the extended Easter Bank Holiday weekend- but on Friday we did have U.S NFP’s release- and though the number was better than expected, the market seems to now be in agreement that the last few months of job cuts globally will now...
by Prem Raja | Apr 2, 2023 | EU, EUR, FX, GBP, GDP
Overall, the month of March was quite supportive for Sterling with GBPEUR closing the month at 1.1370 and GBPUSD closing at 1.2320. With positive GDP for the UK and a relatively stable budget, there weren’t too many surprises for Sterling sellers over the month....
