by Prem Raja | Mar 1, 2020 | Brexit, EU, EUR, FX, GBP, USD
Well, what a week it was for Sterling; We saw GBPEUR drop to 1.16 (From 1.20) and GBPUSD drop to 1.27 (From 1.30). There have been several reasons for the drop over the last week; the main ones being the coronavirus outbreak, stock markets bleeding, loss of confidence...
by Prem Raja | Feb 14, 2020 | EU, EUR, FX, GBP, USD
EUREURUSD relentless offered tone continues, with a lot of traders and spec players getting severe FOMO and seeing some participation via downside structures being put in place. Still reluctant to add shorts down at these levels, but 1.0925-30 area can act...
by Prem Raja | Dec 8, 2019 | Brexit, EU, EUR, FX, GBP, GDP, USD
Last week, the odds for a Conservative majority to be achieved rose above 70% (On Betfair), which was the catalyst for Sterling rising to 1.1850 against the Euro and 1.3150 against the U.S Dollar. It is clear at this point that the direction for Sterling is now...
by Prem Raja | Nov 17, 2019 | Brexit, EU, EUR, FX, GBP, GDP
Sterling exchange rates have been a lot more positive over the last week with GBPEUR hitting 1.17 and GBPUSD crossing 1.29. We did briefly see Sterling touch these levels at the end of October, but they didn’t hold for long, and the last time before that was...
by Prem Raja | Oct 13, 2019 | Brexit, EU
We had a great end to last week following reports that Brexit negotiations are going well and both the UK and EU see a route forward for a deal to be done by October 31st. Through Thursday and Friday we have seen Sterling rise by around 4% against the Euro and Dollar,...
