by Prem Raja | Nov 12, 2022 | EU, EUR, FX, GBP, USD
Last week took an unexpected turn when U.S CPI came in slightly lower than expected at 6.3% (Expected at 6.5%), we instantly saw the market breathe a big sigh of relief as stocks and risk assets went up- as I have mentioned before, GBPUSD is a risk currency pair so...
by Prem Raja | Nov 6, 2022 | EU, GBP, USD
Last week was full of Central Bank announcements with the Fed raising rates by 75bps and the Bank of England following suit on Thursday. As always, what matters more than the actual rate decisions themselves is the commentary around it- the Fed seems to have signaled...
by Prem Raja | Oct 30, 2022 | EU, EUR, FX, GBP, USD
Sterling exchange rates have been performing relatively well over the last week since Rishi Sunak was made Prime Minister- we have seen GBPEUR hit 1.1650 and GBPUSD hit 1.1613. The markets seem to currently have confidence in PM Rishi Sunak (For now), however, there...
by Prem Raja | Oct 23, 2022 | Misc.
Well, it really happened. PM Liz Truss resigned from her post on Thursday after an astonishing 4 weeks on the job, it was clear that the markets were happy with this outcome with Sterling actually rising following the resignation on Thursday, and staying higher...
by Prem Raja | Oct 15, 2022 | EU, EUR, FX, GBP, USD
We had a very eventful end to last week with Chancellor Kwasi Kwarteng sacked and replaced by Jeremy Hunt. This came off the back of the BoE refusing to intervene further in the markets and halt it’s GILT purchases. PM Liz Truss held a press conference to calm...
