by Prem Raja | Jul 28, 2024 | Misc.
Last week traders showed their hand by selling off the Pound on expectations that the BoE would be cutting interest rates this Thursday- with GBPEUR now trading at 1.1850 and GBPUSD trading at 1.2860. Now UK elections are over I feel the cut is warranted. It seems...
by Prem Raja | Jul 7, 2024 | EU, EUR, FX, GBP, USD
As I write this, the UK election results have already been declared with Labour winning a majority- this generally kept the Pound stable and didn’t add too much volatility into the market- the larger risk was the French elections- after the first round it seemed...
by Prem Raja | Jun 23, 2024 | EU, EUR, FX, GBP, USD
After a week in the beautiful cities of Porto and Braga, I am now back in the UK and in the office- hopefully my great team have been able to take care of you all. The major story last week was the Bank of England making it very clear that they are preparing for a...
by Prem Raja | Apr 7, 2024 | EU, EUR, FX, GBP, USD
Last week, a substantial influx of data exerted pressure on the market. Notably, Janet Yellen from the U.S. government is currently in China, engaging in discussions aimed at fostering mutually beneficial agreements. A significant aspect of these discussions involves...
by Prem Raja | Mar 31, 2024 | EUR, FX, GBP, USD
March and the first quarter as a whole were very supportive for Sterling exchange rates, given the fact that we are now in an economic environment where the UK has officially fallen into a recession and that we are now talking about interest rate cuts, it has been a...
