by Prem Raja | Feb 16, 2025 | EU, EUR, FX, GBP, GDP, USD
Last week proved to be supportive for Sterling, with an unexpected upside surprise in UK GDP data, showing that the economy grew rather than contracted in the last quarter. This positive momentum, coupled with uncertainty in U.S. markets, helped Sterling strengthen...
by Prem Raja | Jan 26, 2025 | EU, EUR, FX, GBP, GDP, USD
Last week, we saw the “Trump Trade” unwind as the Dollar softened on speculation that President Trump’s tariff policies may not be as aggressive as initially feared. This shift led to a 2% rise in both GBPUSD and EURUSD, bringing some welcome relief to...
by Prem Raja | Jan 19, 2025 | EU, EUR, FX, GBP, USD
Last week was challenging for Sterling, with disappointing data culminating in weak retail sales figures. This pushed GBPEUR to 1.18 and GBPUSD to 1.21. Just two months ago, GBPEUR was trading above 1.20 and GBPUSD above 1.30, underscoring how quickly market dynamics...
by Prem Raja | Jan 12, 2025 | EUR, FX, GBP, USD
The first full week of the year was not short on volatility, with bond yields in the UK surging beyond 5%. This sharp rise reflects investor concerns about the UK Government’s ability to manage its debt and potential overspending. As a result, we may see...
by Prem Raja | Dec 15, 2024 | EU, EUR, FX, GBP, USD
Sterling ended the week on a pretty negative note following weak UK GDP data with GBPEUR falling to 1.20, and GBPUSD falling to 1.26. The biggest concern with the data was that the services sector in the UK showed no growth in October, the same as September, which has...
