by Prem Raja | Nov 19, 2023 | EU, EUR, FX, GBP, USD
Last week was generally pretty supportive for Sterling exchange rates from a data perspective- however on Friday this all changed very quickly as retail sales numbers came out as low as they were last in the pandemic. These spending numbers have pretty much confirmed...
by Prem Raja | Sep 24, 2023 | EU, EUR, FX, GDP, USD
Sterling weakness has been the main theme of September so far, and last week we saw these moves accelerated after the Bank of England decided to keep interest rates on hold and going against market expectations. Inflation has been cooling slightly (For now), however,...
by Prem Raja | Sep 17, 2023 | EU, EUR, FX, GBP, GDP, USD
The ECB surprised markets last week by raising interest rates by 25bps to record highs instead of keeping them on hold as initially expected- the bank now will pause on rate hikes for now and keep an eye on data- it seems the ECB believes that growth will be slow in...
by Prem Raja | Aug 28, 2023 | EU, EUR, FX, GBP, GDP, USD
As most of you are aware, it was a bank holiday in the UK on Monday hence the blog being one day late- we had a pretty interesting week on markets with the Jackson Hole Symposium being a non event with no real policy change announced, the FOMC maintained that they...
by Prem Raja | Aug 20, 2023 | EU, EUR, FX, GBP, USD
From Monday-Thursday Sterling actually performed pretty well on the week, with Pound to Euro rate reaching 1.1730 and the Pound to Dollar rate hitting 1.28. Unfortunately, on Friday morning, weak UK retail sales showed a fall of -1.2% which brought Sterling down...
