by Prem Raja | Nov 24, 2024 | EU, EUR, GBP, GDP, USD
Last week ended on a weaker note for Sterling following weak PMI data and weak retail sales numbers, this led to lower exchange rates against both the Euro and the Dollar. This week is the last week of the month going into the Holiday weekend in the U.S, so we do...
by Prem Raja | Nov 17, 2024 | Misc.
On Friday UK GDP numbers showed that growth in the UK had slowed down to just 0.1% by September, which has had an instant negative impact on Sterling exchange rates. What this release has shown is that the actions taken in the latest budget will now most definitely...
by Prem Raja | Nov 10, 2024 | EU, EUR, FX, GBP, USD
Last week was probably the biggest week of the year on financial markets with Trump winning the US Presidential Election, the Bank of England cutting rates by 25 bps and the Fed also cutting rates by 25 bps. The aftermath of these events has resulted in a strong...
by Prem Raja | Oct 27, 2024 | EU, EUR, GBP, USD
Sterling has managed to keep above 1.20 against the Euro but unfortunately slipped below the 1.30 handle against the Dollar. Following a relatively quiet week we saw pretty sideways price action now leading into a pretty busy week going into November- which is...
by Prem Raja | Oct 12, 2024 | EU, EUR, FX, GBP, GDP, USD
Hello all! Apologies for the lack of reports over the last few weeks, I have been travelling but back in the UK now and back on the desk- so far we have had a pretty eventful month with escalations in the Middle East, plenty of news out of the Bank of England and the...
