by Prem Raja | May 27, 2024 | EU, EUR, FX, GBP, USD
Last week was quite eventful for Stering exchange rates with a higher than expected inflation print causing GBPEUR to spike to 1.1770 and GBPUSD to 1.2770- the data overall was seen as positive as it was low enough for the Government to take a victory lap, but now low...
by Prem Raja | May 19, 2024 | EU, EUR, GBP, GDP, USD
Last week was constructive for Sterling exchange rates with GBPEUR ending the week at 1.1685, and GBPUSD ending the week at 1.27. EURUSD was also bullish last week closing on Friday at 1.0870. As we enter a new week, there are different data releases to focus on which...
by Prem Raja | Apr 28, 2024 | EU, EUR, GBP, GDP, USD
Sterling exchange rates are in a strange position currently, on one hand, they are outperforming against the Euro, and on the other, severely underperforming against the U.S. dollar, which has strengthened by 3% since March. On Friday, GBPEUR closed at 1.1680, a solid...
by Prem Raja | Mar 31, 2024 | EUR, FX, GBP, USD
March and the first quarter as a whole were very supportive for Sterling exchange rates, given the fact that we are now in an economic environment where the UK has officially fallen into a recession and that we are now talking about interest rate cuts, it has been a...
by Prem Raja | Mar 24, 2024 | EU, EUR, FX, GBP, GDP, USD
The Pound fell around 0.5% last week due to flat Retail Sales data and the BoE deciding to keep rates on hold- the reason why Sterling fell was the retail sales numbers came out at 0% which showed no growth at all, and after last month’s jump in spending this...
