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 | Feb 18, 2024 | EU, EUR, FX, GBP, USD
Last week delivered a blow to the Pound following GDP figures which showed the UK entered a recession last quarter- This wasn’t really news to us however now it has been made official we saw an effect to the exchange rates- both GBPEUR and GBPUSD fell after...
by Prem Raja | Jan 28, 2024 | EUR, FX, GBP, USD
Sterling to Euro exchange rates rose again last week against the Euro following forward guidance given by the ECB. The key reason why we saw another jump in GBPEUR exchange rates is that President Lagarde didn’t rule out a cut in April but definitely, a cut by...
by Prem Raja | Jan 14, 2024 | EU, EUR, FX, GBP, USD
Sterling exchange rates closed on Friday net positive for the week after GDP numbers showed that the UK economy rebounded in November- however, the part that perhaps wasn’t reported as much is that over the quarter the economy contracted by 0.2%. Overall this is...
by Prem Raja | Dec 11, 2023 | EU, EUR, FX, GBP, USD
This week is pretty huge on the data and announcement front- with plenty going on in the market since the strong NFP data on Friday which supported the Dollar against the Euro and Sterling into the close. The main takeaway from Fridays jobs data is that the labour...
