by Prem Raja | Aug 21, 2022 | Brexit, EU, EUR, FX, GBP, GDP, USD
It was quite a steady week for Sterling exchange rates with GBPEUR hitting 1.19 on Wednesday, and GBPUSD hitting 1.21 on the same day. The strength in Sterling was very quickly put to bed by Friday after UK data releases which caused Sterling to hit 1.17 against the...
by Prem Raja | Aug 7, 2022 | Brexit, EU, EUR, FX, GBP, GDP, USD
The Pound started last week on the front foot against most currencies until Thursday when the Bank of England raised interest rates by 50bps- this, itself would usually be viewed as a hawkish moment from the Central Bank, however, commentary from Governor Bailey very...
by Prem Raja | Jul 31, 2022 | EU, EUR, FX, GBP, GDP, USD
As we now enter August after a very volatile July- what we are hoping for is some calm in the market, we do usually get a “Summer Lull”- however with Central Bank activity this month, this may not be the case. In July we saw both the Fed ad the ECB raise...
by Prem Raja | Jul 17, 2022 | Brexit, EU, EUR, FX, GBP, GDP, USD
Sterling exchange rates had a pretty rough week with GBPEUR falling from 1.19 down to 1.1750 and GBPUSD dropping as low as 1.1770 through the week. The primary reason for these moves was the surge in the U.S Dollar continuing through the week amidst concerns about...
by Prem Raja | May 16, 2022 | Brexit, EU, EUR, FX, GBP, GDP, USD
Sterling opened on Monday on a softer note with GBPEUR trading around 1.1750-1.18 and GBPUSD trading between 1.22-1.23. Fortunately, a higher close on Monday has given hope for a better Tuesday. Sterling has a few risks surrounding it currently, one of which being...
by Prem Raja | Feb 13, 2022 | Brexit, EU, EUR, FX, GBP, GDP, USD
We are now 2 months into 2022, and it seems this year is going to be just as eventful as the last couple! We had plenty of announcements and data releases last week which managed to push Sterling exchange rates higher, with GBPEUR closing above 1.19 on the week and...
