by Prem Raja | Feb 25, 2024 | EU, EUR, FX, GBP, GDP, USD
Pound Sterling exchange rates have held up pretty well over the last week, with GBPEUR trading at 1.17 and GBPUSD trading at 1.2670- this was following strong PMI data out of the UK which suggested strong demand across all sectors in the UK- the Bank of England is...
by Prem Raja | Feb 11, 2024 | EU, EUR, FX, GBP, GDP, USD
Sterling exchange rates have stayed resilient over the last week with an impressive close on Friday with GBPEUR above 1.17 and GBPUSD above 1.26, following a pretty choppy week. This week we have a lot of data out of the UK which we expect to move the markets,...
by Prem Raja | Jan 21, 2024 | EU, EUR, GBP, GDP, USD
A pretty well performing week was put to a halt on Sterling following retail sales data showing that UK shoppers were spending a lot less this December, this may have come down to the fact that consumers were buying in November during sale periods instead of waiting...
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 | Jan 7, 2024 | EU, EUR, FX, GBP, USD
The first week of 2024 was relatively volatile while traders found their feet- we saw stock markets sell off pretty much everyday through the week and various data releases which moved the market- we saw GBPEUR as low as 1.15 and GBPUSD as low as 1.26 before both...
