by Prem Raja | Feb 21, 2021 | EU, EUR, FX, GBP
Over the last week, we saw Sterling continue its outperformance, seeing it rise to 1.15 against the Euro and 1.40 against the U.S Dollar. The main reason for this is still the strong vaccination effort in the UK and the implication that the UK may see restrictions...
by Prem Raja | Feb 13, 2021 | Brexit, EU, EUR, FX, GBP
Last week was rather uneventful for Sterling as we managed to hold the key 1.14 area against the Euro and 1.38 against the U.S Dollar. So far Sterling strength is playing out as we expected, however it is evident that there are limitations to this particular strength....
by Prem Raja | Dec 13, 2020 | Brexit, EU, EUR, FX, GBP, USD
Last week became extremely eventful after Boris Johnson’s meeting with EU Commission President Ursulsa von der Leyen seemed to go South and No-Deal preparations were the only headline you could read from Thursday into Friday. The agreement was they would...
by Prem Raja | Nov 15, 2020 | Brexit, EU, EUR, FX, GBP
It was an interesting week for Pound-Euro exchange rates with rates reaching as high as 1.1275 on Wednesday before dipping to 1.1150 by Friday- and also GBPUSD reaching 1.33 before falling back to the 1.31 area by Friday close. The next Brexit deadline is supposed to...
by Prem Raja | Sep 13, 2020 | Brexit, EU, EUR, FX, GBP
Well, I guess the title says it all, doesn’t it? I said last week that Brexit could add some volatility, and it looks like it went 10 steps further and grabbed the spotlight for the whole week resulting in a Sterling sell-off. The reason for this sell-off? I am...
