by Prem Raja | Jul 28, 2024 | Misc.
Last week traders showed their hand by selling off the Pound on expectations that the BoE would be cutting interest rates this Thursday- with GBPEUR now trading at 1.1850 and GBPUSD trading at 1.2860. Now UK elections are over I feel the cut is warranted. It seems...
by Prem Raja | Jul 14, 2024 | Misc.
The Euros are over and we are now back to life without football- Sterling exchange rates had a strong push-up through the week with GBPEUR closing the week at 1.19 and GBPUSD closing the week above 1.29- which gives us a very nice springboard into a potentially...
by Prem Raja | Feb 4, 2024 | EU, EUR, FX, GBP, Misc., USD
Last week was generally quite stable for Sterling following the Bank of England decision where rates were held with no real immediate concern for any cuts coming soon- the big news though was the NFP report on Friday which showed that the U.S had added 353k jobs in...
by Prem Raja | May 28, 2023 | Misc.
by Prem Raja | Oct 23, 2022 | Misc.
Well, it really happened. PM Liz Truss resigned from her post on Thursday after an astonishing 4 weeks on the job, it was clear that the markets were happy with this outcome with Sterling actually rising following the resignation on Thursday, and staying higher...
by Prem Raja | Jan 30, 2022 | Misc.
Over the last week we have seen Pound Sterling exchange rates rally from 1.19 to a close above 1.20- this is mostly traders pricing in the fact that the Bank of England are expected to raise interest rates again this week. Now, once common mistake people make is...