by Prem Raja | Aug 13, 2023 | Brexit, EU, EUR, FX, GBP, USD
After positive UK GDP data, the Pound traded a little higher on Friday after a relatively disappointing performance over the week- the data showed that the UK economy has in fact still grown a little through this current cost of living crisis- for those of you in the...
by Prem Raja | Jun 25, 2023 | EU, EUR, FX, GBP, GDP, USD
As I mentioned last week, we were expecting a 25 bps hike from the BoE, however after another high inflation reading, the Central Bank had to make a more aggressive move on Thursday and decided to go with a 50 bps hike- stating that things are worse than they...
by Prem Raja | Jun 18, 2023 | EU, EUR, FX, GBP, USD
Sterling exchange rates had a brilliant end to the week with GBPUSD closing at 1.2817 and GBPEUR closing at 1.1716- both very interesting levels for Sterling sellers globally. The main reason for the gains is that we have seen the Dollar index weaken slightly and thus...
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 | 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...
