by Prem Raja | Sep 20, 2020 | Brexit, EU, EUR, FX, GBP, USD
A scary headline I know… But that is exactly where we are right now. Brexit has been our main headline so far in September, which, for a lack of a better word, absolutely decimated any gains that we saw through the Summer for Sterling. We are now waiting for any...
by Prem Raja | Sep 6, 2020 | Brexit, EU, EUR, FX, GBP, USD
The euphoric rises in the markets were put to a halt on Thursday as risk appetite suddenly faltered; with Tech stocks leading the drop from Thursday into Friday. Now, in reality, the market had been going up non stop for a few months, so a dip is healthy, but of...
by Prem Raja | Aug 31, 2020 | Brexit, EU, EUR, FX, GBP, USD
And just like that; a new month is upon us. This year has gone both slow and fast at the same time. We are now out of the “Summer Markets” and preparing to go back into full swing. Most traders will now be back at work and liquidity should return in full...
by Prem Raja | Aug 23, 2020 | Brexit, EU, EUR, FX, GBP, USD
Last week was generally a pretty good week for Sterling as we saw some positive data releases which helped push the Pound to Euro rate to 1.1180 on Friday morning, and 1.3250 against the U.S Dollar. Unfortunately, by market close on Friday, we ended at 1.1090 for...
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 9, 2020 | Brexit, EU, EUR, FX, GBP, USD
Sterling exchange rates dipped a little by the end of the week following the Bank of England meeting- it seems that the BoE is not looking at cutting interest rates again until next year- this makes sense as we will not see how much damage has been done to the economy...
