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...
by Prem Raja | Jul 12, 2020 | Brexit, EU, EUR, FX, GBP, USD
Last week we saw Pound Sterling Exchange Rates continue to rally across the board, closing Friday at 1.1170 against the Euro and above 1.26 against the U.S Dollar. The main catalyst for this was the Summer Budget from Chancellor Rishi Sunak who announced numerous...
by Prem Raja | Jun 28, 2020 | Brexit, EU, EUR, FX, GBP, USD
Sterling saw it’s 3rd week of declines by the end of the week as risks entered the market again- concerns about the U.S-China trade deal, coronavirus, and the UK trade deals with the EU & Japan got priced in again before market close which has put Sterling...
by Prem Raja | Jun 21, 2020 | Brexit, EU, EUR, FX, GBP, USD
What a week… After a good little spell for Sterling through early June, we finally started to see GBP exchange rates crumble under pressure. In one week, we have seen GBPUSD exchange rates drop from 1.28 down to 1.2350. To put this in context, a purchase of 100k...
by Prem Raja | Jun 14, 2020 | Brexit, EU, EUR, FX, GBP, USD
We saw Pound to Dollar exchange rates rally last week up to 1.28 (Albeit was only for around 60 seconds) during the Fed meeting where it was announced that there were no further measures for now. My guess is that the market was waiting for more stimulus to be...
