by Prem Raja | Apr 2, 2023 | EU, EUR, FX, GBP, GDP
Overall, the month of March was quite supportive for Sterling with GBPEUR closing the month at 1.1370 and GBPUSD closing at 1.2320. With positive GDP for the UK and a relatively stable budget, there weren’t too many surprises for Sterling sellers over the month....
by Prem Raja | Mar 26, 2023 | EU, EUR, FX, GBP, USD
Last week was pretty jam-packed as far as announcements were concerned with the Fed and the BoE both raising interest rates by 25bps. For both central banks, it is still unclear what the forward guidance is- but with inflation still being an issue I would still not...
by Prem Raja | Mar 19, 2023 | EU, EUR, FX, USD
The markets have been all over the place since the closure of SVB last week, which was joined by 5 other small banks as the week went on. The latest issue on the cards is Credit Suisse who are having problems, the issue with this is that Credit Suisse is very much one...
by Prem Raja | Feb 12, 2023 | Brexit, EU, EUR, FX, GBP, USD
Sterling has been under a lot of pressure over the last month, with the latest release being UK GDP last week which showed that the UK economy shrank a lot more than previously expected in December. The media has taken the underlying number as a positive which...
by Prem Raja | Jan 7, 2023 | EU, EUR, FX, GBP, GDP, USD
We had an interesting first week back on the market with pretty limited data releases and Sterling exchange rates having both strong and weak days against the Euro and Dollar. The main focus for the week was U.S Employment and Non Farm Payrolls- which showed 223k jobs...
