by Prem Raja | Jun 11, 2023 | EU, EUR, FX, GBP, GDP, USD
The GBPEUR exchange rate has hit a new 2023 high of 1.17 on Friday afternoon- Sterling has technically been strong over the last month or so with back-to-back gains against the Euro and Dollar. The reason for the strength has now been due to interest rate hike bets-...
by Prem Raja | May 29, 2023 | EU, EUR, FX, GBP, GDP, USD
The last week was pretty volatile for markets- with traders now pricing in more BoE hikes this year (Expected to reach 5.5%) following inflation data showing no sign of cooling yet. Naturally, this helped push the GBPEUR rate higher into the 1.15 area- but...
by Prem Raja | Jan 25, 2020 | Brexit, EU, EUR, FX, GBP, USD
The main topic over the last couple of weeks was the Bank of England, after 3 members (Including the Governor) came out and said they see a case to potentially cut interest rates this month- the chances of this cut rose to 50/50 and was highly dependant on certain...
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...
