by Prem Raja | May 27, 2019 | Brexit, EU, EUR, FX, GBP, GDP, USD
I hope you all enjoyed your Bank Holiday! It seems politics is back at the wheel driving the markets following British PM Theresa May announcing her resignation in June. Investors saw this as a risk for Sterling (Due to uncertainty) so we saw a sell-off on the Pound...
by Prem Raja | May 6, 2019 | Brexit, EU, EUR, FX, GBP, GDP, USD
After 4 weeks of weakness for the Pound, we finally saw a great move of strength late Friday afternoon after the terrible results for Labour and Conservative after the local elections. The results have encouraged many senior Tory party members to put pressure on their...
by Prem Raja | Apr 28, 2019 | Brexit, EU, EUR, FX, GBP, GDP, USD
Over the last week we have seen the Pound weaken (Due to thin liquidity in the markets after the bank holiday) and the U.S Dollar strengthen due to strong data and economic outlook in the U.S. It seems that many analysts have misunderstood the Fed, in my opinion, it...
by Prem Raja | Mar 16, 2019 | Brexit, EU, EUR, FX, GBP, GDP, USD
The last week went pretty much as expected as far as politics is concerned, PM Theresa May’s deal was rejected and MP’s voted to file for an extension of Article 50- which could now mean more volatility for the Pound. GBPEUR hit a 22 month high of 1.18...
by Prem Raja | Feb 17, 2019 | Brexit, EU, EUR, FX, GBP, GDP, USD
Last week, UK PM, Theresa May suffered another defeat in the House of Commons- Brexit is still the main driver for the Pound at the moment and as March 29th keeps getting closer and closer- it seems the volatility is not going to slow down. Though negotiating tactics...
by Prem Raja | Feb 10, 2019 | Brexit, EU, EUR, GBP, USD
Sterling exchange rates have experienced a lot of volatility over the last week- the first part of volatility was due to BoE Governor Mark Carney making comments about the UK economic outlook, most of which were negative and stated that it is the worst in over 10...
