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...
by Prem Raja | Dec 11, 2022 | EU, EUR, FX, GBP, GDP, USD
The last week has been quite supportive for Sterling exchange rates with GBPEUR trading between 1.16-1.17 and GBPUSD trading between 1.22-1.23. This has been for various reasons, one of which has been the beginning of the Fed pivot on interest rates and the sudden...
by Prem Raja | Nov 12, 2022 | EU, EUR, FX, GBP, USD
Last week took an unexpected turn when U.S CPI came in slightly lower than expected at 6.3% (Expected at 6.5%), we instantly saw the market breathe a big sigh of relief as stocks and risk assets went up- as I have mentioned before, GBPUSD is a risk currency pair so...
