by Prem Raja | Dec 8, 2019 | Brexit, EU, EUR, FX, GBP, GDP, USD
Last week, the odds for a Conservative majority to be achieved rose above 70% (On Betfair), which was the catalyst for Sterling rising to 1.1850 against the Euro and 1.3150 against the U.S Dollar. It is clear at this point that the direction for Sterling is now...
by Prem Raja | Nov 17, 2019 | Brexit, EU, EUR, FX, GBP, GDP
Sterling exchange rates have been a lot more positive over the last week with GBPEUR hitting 1.17 and GBPUSD crossing 1.29. We did briefly see Sterling touch these levels at the end of October, but they didn’t hold for long, and the last time before that was...
by Prem Raja | Oct 22, 2019 | Brexit, EU, EUR, FX, GBP, GDP, USD
Boris Johnson’s hopes of getting his Brexit deal fast-tracked through Parliament were lost on Tuesday evening following a defeat in a vote for his Brexit timetable in Parliament. The Government won the previous vote on the deal legislation to progress- however,...
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...
