by Prem Raja | Feb 17, 2020 | Brexit, EU, EUR, FX, GBP, GDP, USD
Last week the Pound was boosted by the resignation of Sajid Javid, and the choosing of his replacement- Rishi Sunak. The basis of this GBP strength is that Boris Johnson will now have more control over the treasury, and effectively increase Government spending- so he...
by Prem Raja | Jan 12, 2020 | Brexit, EU, EUR, FX, GBP, GDP, USD
Last week, the news was dominated by reports from the U.S and Iran, which meant that we saw more movement on commodities such as Oil, Gold & Silver. Sterling was fairly static over the week and managed to stay in and around the same areas, in fact as the closed...
by Prem Raja | Jan 5, 2020 | Brexit, EU, EUR, FX, GBP, GDP
Finally, now Christmas and New Year is out of the way, we can get back on to the markets and see what is ahead of us over the next few weeks! As we entered 2020, Sterling lost the majority of its gains against the Euro and Dollar that we saw after the Election...
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,...
