by Prem Raja | Jan 7, 2024 | EU, EUR, FX, GBP, USD
The first week of 2024 was relatively volatile while traders found their feet- we saw stock markets sell off pretty much everyday through the week and various data releases which moved the market- we saw GBPEUR as low as 1.15 and GBPUSD as low as 1.26 before both...
by Prem Raja | Nov 26, 2023 | EU, EUR, FX, GBP, USD
Last week’s data releases provided strength for the Pound after a pretty downbeat month or so on the market- showing that UK PMI numbers were back over the 50 area, which means that the UK economy is no longer contracting- we may not see massive growth over the...
by Prem Raja | Nov 19, 2023 | EU, EUR, FX, GBP, USD
Last week was generally pretty supportive for Sterling exchange rates from a data perspective- however on Friday this all changed very quickly as retail sales numbers came out as low as they were last in the pandemic. These spending numbers have pretty much confirmed...
by Prem Raja | Nov 13, 2023 | EU, EUR, FX, GBP, GDP, USD
It is no secret that Sterling exchange rates have been under pressure over the last month, with economic sentiment weighing heavy on the Pound alongside the BoE signaling that they are at the end of their rate hike cycle- Monday is a relatively quiet day on the data...
by Prem Raja | Oct 22, 2023 | EU, EUR, FX, GBP, USD
Pound sterling exchange rates had a pretty torrid time last week following weak data releases, with the final blow coming from weaker-than-expected retail sales numbers on Friday alongside by-election results. I am not sure UK politics is playing a large part in...
