by Prem Raja | Sep 15, 2019 | Brexit, EU, EUR, GBP, GDP, USD
Last week Sterling began to trade higher against the Euro & Dollar- hitting 1.1280 against the Euro and crossing 1.25 against the U.S Dollar. The Euro weakened significantly last week following the ECB’s decision to cut deposit rates and re-start QE; which...
by Prem Raja | Aug 18, 2019 | Brexit, EU, EUR, FX, GBP, GDP, Misc., USD
After a couple of months of non-stop weakness- we finally had a week of green for the Pound! We ended last week with GBPEUR sitting just above 1.06 following very poor GDP figures and investors selling off the Pound due to Brexit news. By Friday 16th August GBPEUR had...
by Prem Raja | Jul 21, 2019 | Brexit, EU, EUR, FX, GBP
As last week concluded, we began to see Sterling strengthen against the Euro and the Dollar by around 1% which was positive for Sterling sellers. The reason for this is that Sterling had begun to bottom out and became oversold, and traders generally see this as a good...
by Prem Raja | Jul 8, 2019 | EU, EUR, FX, GBP, GDP
Sterling has struggled to find real support against the Euro and Dollar over the last couple of months- it seems that even though the Fed is set to cut interest rates and the EU economy is slowing down- it is still not enough for Sterling to make any real gains...
by Prem Raja | Mar 16, 2019 | Brexit, EU, EUR, FX, GBP, GDP, USD
The last week went pretty much as expected as far as politics is concerned, PM Theresa May’s deal was rejected and MP’s voted to file for an extension of Article 50- which could now mean more volatility for the Pound. GBPEUR hit a 22 month high of 1.18...
