by Prem Raja | Jul 12, 2020 | Brexit, EU, EUR, FX, GBP, USD
Last week we saw Pound Sterling Exchange Rates continue to rally across the board, closing Friday at 1.1170 against the Euro and above 1.26 against the U.S Dollar. The main catalyst for this was the Summer Budget from Chancellor Rishi Sunak who announced numerous...
by Prem Raja | Jul 5, 2020 | Brexit, EU, EUR, FX, GBP, GDP
We had a relatively mixed week last week after Sterling pairs unexpectedly rose through the beginning of the week- there are a number of reasons why this could have been- the first and most important is that we are currently in a “risk-on” market- which...
by Prem Raja | Jun 28, 2020 | Brexit, EU, EUR, FX, GBP, USD
Sterling saw it’s 3rd week of declines by the end of the week as risks entered the market again- concerns about the U.S-China trade deal, coronavirus, and the UK trade deals with the EU & Japan got priced in again before market close which has put Sterling...
by Prem Raja | Jun 14, 2020 | Brexit, EU, EUR, FX, GBP, USD
We saw Pound to Dollar exchange rates rally last week up to 1.28 (Albeit was only for around 60 seconds) during the Fed meeting where it was announced that there were no further measures for now. My guess is that the market was waiting for more stimulus to be...
by Prem Raja | May 24, 2020 | Brexit, EU, EUR, FX, GBP
Sterling exchange rates were relatively stable last week- with Pound to Euro rates closing at the 1.11 area on Friday and Pound to Dollar exchange rates closing at 1.21- of course, these rates are a lot lower than what we had a couple of weeks ago, but through the...
