by Prem Raja | Mar 28, 2020 | EU, EUR, FX, GBP, GDP, USD
Sterling has become a very difficult currency to track- taking very large swings at regular intervals, sometimes, for reasons unknown to anybody. Throughout the last week, Sterling has gained back a lot of ground- going from 1.14-1.24 against the U.S Dollar, and going...
by Prem Raja | Mar 22, 2020 | Brexit, EU, EUR, FX, GBP, GDP, USD
Sterling lost a lot of ground over the last week against most major currencies- seeing lows of 1.14 against the U.S Dollar and 1.06 against the Euro. The Bank of England cut rates to 0.10% and increased QE to record amounts, alongside the ECB announcing a 750bn...
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 23, 2020 | Brexit, EU, EUR, FX, GBP, USD
Sterling had a good start to last week- this was unfortunately short-lived as GBPEUR exchange rates fell to the 1.19 area and GBPUSD fell as low as 1.28. The reason for this was a mix of Brexit deal headlines and the fact that the U.S Dollar has now become a safe...
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...
