by Prem Raja | Aug 9, 2020 | Brexit, EU, EUR, FX, GBP, USD
Sterling exchange rates dipped a little by the end of the week following the Bank of England meeting- it seems that the BoE is not looking at cutting interest rates again until next year- this makes sense as we will not see how much damage has been done to the economy...
by Prem Raja | Jul 26, 2020 | Brexit, EU, EUR, FX, GBP
Last week we saw GBPEUR exchange rates decline to 1.0970 as the Euro caught a major bid throughout the week following the EU recovery fund news- we also saw EURUSD gain around 2% on the week, which in many trader’s eyes is now overextended- however, this...
by Prem Raja | Jul 5, 2020 | Brexit, EU, EUR, FX, GBP, GDP
We had a relatively mixed week last week after Sterling pairs unexpectedly rose through the beginning of the week- there are a number of reasons why this could have been- the first and most important is that we are currently in a “risk-on” market- which...
by Prem Raja | Jun 28, 2020 | Brexit, EU, EUR, FX, GBP, USD
Sterling saw it’s 3rd week of declines by the end of the week as risks entered the market again- concerns about the U.S-China trade deal, coronavirus, and the UK trade deals with the EU & Japan got priced in again before market close which has put Sterling...
by Prem Raja | May 31, 2020 | Brexit, EU, EUR, FX, GBP, USD
Last week was busy politically as UK PM Boris Johnson announced that the UK economy will begin reopening from June 1st, with other non-essential businesses opening June 15th. This has received some backlash as many scientists are claiming that it is too early for the...
