by Prem Raja | May 10, 2020 | EU, EUR, FX, GBP, GDP, USD
On Sunday evening, PM Boris Johnson announced that, in short, the UK lockdown will remain until June at the earliest. Some industries (i.e construction) will be able to return to work immediately with social distancing measures in place. Unlimited exercise will now be...
by Prem Raja | May 3, 2020 | Brexit, EU, EUR, GBP, USD
The Pound to Euro exchange rate fell to 1.1373 on Friday after reaching a weekly high of 1.15 the day before. We also saw the same with the Pound to Dollar exchange rate, reaching 1.26 on Thursday and falling to 1.2480 as we closed the week. Donald Trump’s...
by Prem Raja | May 1, 2020 | FX, GBP, USD
It has been another volatile week through to the beginning of May- on my last article on www.thecurrencyblog.com I mentioned GBPUSD being a buy at 1.23- and we saw this play out as we saw GBPUSD hit 1.26 yesterday afternoon before dropping back to 1.25 today- I am...
by Prem Raja | Apr 4, 2020 | EU, EUR, FX, GBP, USD
Last week we saw GBPEUR hit a short term high of 1.1440- this partly due to traders buying the Pound aggressively over the last week- and also the fact that investors are unhappy with how the ECB is dealing with the economic effects of Covid19- so the Euro has been...
by Prem Raja | Mar 22, 2020 | Brexit, EU, EUR, FX, GBP, GDP, USD
Sterling lost a lot of ground over the last week against most major currencies- seeing lows of 1.14 against the U.S Dollar and 1.06 against the Euro. The Bank of England cut rates to 0.10% and increased QE to record amounts, alongside the ECB announcing a 750bn...
