by Prem Raja | Dec 11, 2023 | EU, EUR, FX, GBP, USD
This week is pretty huge on the data and announcement front- with plenty going on in the market since the strong NFP data on Friday which supported the Dollar against the Euro and Sterling into the close. The main takeaway from Fridays jobs data is that the labour...
by Prem Raja | Oct 22, 2023 | EU, EUR, FX, GBP, USD
Pound sterling exchange rates had a pretty torrid time last week following weak data releases, with the final blow coming from weaker-than-expected retail sales numbers on Friday alongside by-election results. I am not sure UK politics is playing a large part in...
by Prem Raja | Oct 1, 2023 | EU, EUR, FX, GBP, USD
The month ended with GBPEUR at 1.1530 and GBPUSD at 1.22- over all the month of September was not very supportive for the Sterling and we saw a lot of weakness to end the quarter- although we have also seen a weaker Euro alongside a weaker Pound, it seems traders have...
by Prem Raja | Sep 24, 2023 | EU, EUR, FX, GDP, USD
Sterling weakness has been the main theme of September so far, and last week we saw these moves accelerated after the Bank of England decided to keep interest rates on hold and going against market expectations. Inflation has been cooling slightly (For now), however,...
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...