by Prem Raja | Oct 1, 2023 | EU, EUR, FX, GBP, USD
The month ended with GBPEUR at 1.1530 and GBPUSD at 1.22- over all the month of September was not very supportive for the Sterling and we saw a lot of weakness to end the quarter- although we have also seen a weaker Euro alongside a weaker Pound, it seems traders have...
by Prem Raja | Aug 28, 2023 | EU, EUR, FX, GBP, GDP, USD
As most of you are aware, it was a bank holiday in the UK on Monday hence the blog being one day late- we had a pretty interesting week on markets with the Jackson Hole Symposium being a non event with no real policy change announced, the FOMC maintained that they...
by Prem Raja | Aug 20, 2023 | EU, EUR, FX, GBP, USD
From Monday-Thursday Sterling actually performed pretty well on the week, with Pound to Euro rate reaching 1.1730 and the Pound to Dollar rate hitting 1.28. Unfortunately, on Friday morning, weak UK retail sales showed a fall of -1.2% which brought Sterling down...
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 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-...
