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....
by Prem Raja | Mar 12, 2023 | EU, EUR, FX, GBP, GDP, USD
Last Friday we saw the first major bank failure since 2008 when the Silicon Valley Bank was closed by Regulators- the long and short of the issues with the bank was overexposure to the tech sector and big investments in 10-year treasuries which have been hindered by...
by Prem Raja | Jan 7, 2023 | EU, EUR, FX, GBP, GDP, USD
We had an interesting first week back on the market with pretty limited data releases and Sterling exchange rates having both strong and weak days against the Euro and Dollar. The main focus for the week was U.S Employment and Non Farm Payrolls- which showed 223k jobs...
