by Prem Raja | Apr 7, 2024 | EU, EUR, FX, GBP, USD
Last week, a substantial influx of data exerted pressure on the market. Notably, Janet Yellen from the U.S. government is currently in China, engaging in discussions aimed at fostering mutually beneficial agreements. A significant aspect of these discussions involves...
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...
by Prem Raja | Feb 25, 2024 | EU, EUR, FX, GBP, GDP, USD
Pound Sterling exchange rates have held up pretty well over the last week, with GBPEUR trading at 1.17 and GBPUSD trading at 1.2670- this was following strong PMI data out of the UK which suggested strong demand across all sectors in the UK- the Bank of England is...
by Prem Raja | Feb 4, 2024 | EU, EUR, FX, GBP, Misc., USD
Last week was generally quite stable for Sterling following the Bank of England decision where rates were held with no real immediate concern for any cuts coming soon- the big news though was the NFP report on Friday which showed that the U.S had added 353k jobs in...
by Prem Raja | Jan 21, 2024 | EU, EUR, GBP, GDP, USD
A pretty well performing week was put to a halt on Sterling following retail sales data showing that UK shoppers were spending a lot less this December, this may have come down to the fact that consumers were buying in November during sale periods instead of waiting...
