by Prem Raja | Jul 30, 2023 | EU, EUR, FX, GBP, GDP, USD
Apologies for the lack of reports over the last few weeks- I have been in the process of moving house and now finally have my office set up so we are back to regular scheduled programming. The markets have been very volatile over the past week with the main catalysts...
by Prem Raja | Jun 25, 2023 | EU, EUR, FX, GBP, GDP, USD
As I mentioned last week, we were expecting a 25 bps hike from the BoE, however after another high inflation reading, the Central Bank had to make a more aggressive move on Thursday and decided to go with a 50 bps hike- stating that things are worse than they...
by Prem Raja | Jun 11, 2023 | EU, EUR, FX, GBP, GDP, USD
The GBPEUR exchange rate has hit a new 2023 high of 1.17 on Friday afternoon- Sterling has technically been strong over the last month or so with back-to-back gains against the Euro and Dollar. The reason for the strength has now been due to interest rate hike bets-...
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 | Jan 25, 2020 | Brexit, EU, EUR, FX, GBP, USD
The main topic over the last couple of weeks was the Bank of England, after 3 members (Including the Governor) came out and said they see a case to potentially cut interest rates this month- the chances of this cut rose to 50/50 and was highly dependant on certain...
