by Prem Raja | Apr 19, 2020 | BTC, EUR, FX, GBP, GDP, USD
Sterling exchange rates continued on the upside last week- closing on Friday above 1.15 against the Euro. We have seen Sterling rebound effectively against the lows 4 weeks ago. This is almost a gain of 10% on this currency pair- usually, it would take the market a...
by Prem Raja | Mar 8, 2020 | Brexit, EU, EUR, FX, GBP, GDP, USD
Last week, we saw the Euro become the strongest currency of the week amid coronavirus fears across the globe and fearful markets. The Fed did an emergency interest rate cut (First time this has happened since the Lehman collapse in 2008) which pushed EURUSD up...
by Prem Raja | Mar 1, 2020 | Brexit, EU, EUR, FX, GBP, USD
Well, what a week it was for Sterling; We saw GBPEUR drop to 1.16 (From 1.20) and GBPUSD drop to 1.27 (From 1.30). There have been several reasons for the drop over the last week; the main ones being the coronavirus outbreak, stock markets bleeding, loss of confidence...
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...
