by Prem Raja | Jun 9, 2024 | EU, EUR, FX, GBP, USD
Last week we ended Friday with a monster jobs report out of the U.S showing that they created 272k jobs in May- this sent both GBPUSD and EURUSD lower instantly as it was a big surprise to the market- the wider implication is that the stronger the U.S economy is, the...
by Prem Raja | Jun 2, 2024 | EUR, FX, GBP, USD
Pound Sterling exchange rates have had a very good month in May, considering news of a UK election coming in July, the volatility has very much been swayed in favour of Sterling, which has given us a positive start to June. June will be an interesting month with...
by Prem Raja | May 12, 2024 | EU, EUR, FX, GBP, GDP, USD
The last week was pretty volatile for Sterling exchange rates, with the Pound falling prior and following the BoE decision. The simple update is that 2 members voted for a cut which meant that traders have now started to price in the first BoE cut for June- this...
by Prem Raja | May 6, 2024 | EU, EUR, FX, GBP, GDP, USD
Last week we saw markets take a turn following a few weeks of Dollar strength- this was reversed by the Fed meeting which made clear that the Fed is now watching data to decide when to make it’s first interest rate cut, it was one of the most Dovish meetings in...
by Prem Raja | Mar 24, 2024 | EU, EUR, FX, GBP, GDP, USD
The Pound fell around 0.5% last week due to flat Retail Sales data and the BoE deciding to keep rates on hold- the reason why Sterling fell was the retail sales numbers came out at 0% which showed no growth at all, and after last month’s jump in spending this...
