by Prem Raja | Sep 21, 2019 | Brexit, EU, EUR, FX, GBP, GDP, USD
It has been another positive week for Sterling following events from Central Banks and Brexit news. We saw GBPUSD above 1.25 and GBPEUR above 1.13 after the Fed announced their interest rate cut and the probability for more, and potential QE- This alongside Junkers...
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 | Sep 6, 2019 | Brexit, EU, EUR, FX, GBP
Sterling exchange rates have been very volatile over the last week due to developments in UK Parliament. We have seen major strength in the Pound since Boris Johnson was defeated in Parliament after a law has been passed that a No Deal Brexit can’t happen...
by Prem Raja | Sep 1, 2019 | Brexit, EU, EUR, FX, GBP, USD
In last week’s article, I mentioned there was potential for an uptrend in GBPEUR exchange rates- and fortunately, we have seen the third week of consecutive gains for GBPEUR. There was short term volatility during the week following Boris Johnson asking the...
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...
