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...
by Prem Raja | Feb 9, 2020 | Brexit, EU, EUR, FX, GBP, USD
Last week, Sterling fell by around 1% across the board and was the worst-performing currency of the week following negative rhetoric surrounding the UK-EU trade deal expected to be done this year. The Pound has failed to go back to the 1.19 level a few times and now,...
by Prem Raja | Jan 12, 2020 | Brexit, EU, EUR, FX, GBP, GDP, USD
Last week, the news was dominated by reports from the U.S and Iran, which meant that we saw more movement on commodities such as Oil, Gold & Silver. Sterling was fairly static over the week and managed to stay in and around the same areas, in fact as the closed...
by Prem Raja | Dec 8, 2019 | Brexit, EU, EUR, FX, GBP, GDP, USD
Last week, the odds for a Conservative majority to be achieved rose above 70% (On Betfair), which was the catalyst for Sterling rising to 1.1850 against the Euro and 1.3150 against the U.S Dollar. It is clear at this point that the direction for Sterling is now...
