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...
by Prem Raja | Aug 15, 2021 | EU, EUR, GBP, GDP, USD
We saw GBPEUR exchange rates ease off into the weekend after a very strong start to the week- seeing a high of 1.1830 and closing at 1.1750. The positive news is that Sterling seems well supported in the 1.17 area- and as long as data can support the price it may give...
by Prem Raja | Aug 16, 2020 | Brexit, EU, EUR, FX, GBP, GDP, USD
According to the news wires, it was a pretty eventful week, but looking at the exchange rates, there wasn’t much movement at all. The main headline I am sure we all saw this week was the fact that the UK officially hit a recession in Q2. (I am sure this...
by Prem Raja | Aug 2, 2020 | Brexit, EU, EUR, FX, GBP, GDP, USD
It was yet another strong week for GBPUSD as we saw exchange rates fly above the 1.31 handle for the first time since January. Surprisingly enough, this had nothing to do with Sterling Strength, but Dollar weakness- the Dollar index had been dropping for the last 10...
by Prem Raja | Jul 19, 2020 | Brexit, EU, EUR, FX, GBP, GDP, USD
Last week we saw Sterling begin to weaken further- predominantly against the Euro as exchange rates entered the 1.09 area on Friday- this was mainly due to optimism about the EU recovery fund being sorted this weekend. At time of writing (Sunday afternoon)- the EU...
