by Prem Raja | Sep 17, 2023 | EU, EUR, FX, GBP, GDP, USD
The ECB surprised markets last week by raising interest rates by 25bps to record highs instead of keeping them on hold as initially expected- the bank now will pause on rate hikes for now and keep an eye on data- it seems the ECB believes that growth will be slow in...
by Prem Raja | Sep 10, 2023 | EU, EUR, FX, GDP, USD
According to many analysts, the end of August marked a turning point for the Pound- with the first 2 quarters of this year pretty much fuelled by Sterling strength, it seems that is now changing with the U.S Dollar now catching a bid again across the board. The reason...
by Prem Raja | Aug 28, 2023 | EU, EUR, FX, GBP, GDP, USD
As most of you are aware, it was a bank holiday in the UK on Monday hence the blog being one day late- we had a pretty interesting week on markets with the Jackson Hole Symposium being a non event with no real policy change announced, the FOMC maintained that they...
by Prem Raja | Aug 6, 2023 | EU, EUR, FX, GBP, GDP, USD
Last week the main event was the BoE interest rate hike, where the Central Bank raised interest rates by 25bps- but kept the stance of more hikes COULD happen if inflation were to go higher again, and that rates will stay high for at least a couple of years before any...
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...
