Weekly briefings on Pound Sterling, Euro and US Dollar markets.
Euro
ECB policy, Eurozone growth, peripheral spreads and the headlines that move EUR/USD and EUR crosses.
French fiscal concerns have pushed GBP/EUR above 1.18, while US inflation and UK growth figures take focus ahead of the Fed decision and October Budget.
By Prem Raja · 4 min read
The Fed weighs inflation after a stronger NFP report, the ECB prepares to raise rates, and the Bank of Japan faces growing pressure to act.
By Prem Raja · 4 min read
The ECB turns increasingly hawkish, the Fed and BoE face difficult decisions, and markets continue to wait for a breakthrough in U.S.–Iran negotiations.
By Prem Raja · 5 min read
It’s been yet another volatile week in the FX markets, largely driven by ongoing uncertainty around President Trump’s tariffs. While Sterling managed to hold firm against the U.S. Dollar, briefly…
By Prem Raja · 2 min read
Sterling exchange rates are in a strange position currently, on one hand, they are outperforming against the Euro, and on the other, severely underperforming against the U.S. dollar, which has…
By Prem Raja · 2 min read
Last week, we saw the ECB finally raise interest rates by 50 bps for the first time in over a decade. The initial reaction was positive for the Euro, but it seems that many market participants feel…
By Prem Raja · 1 min read
Last week was definitely a strange one- with many resignations from Boris Johnson's cabinet including Chancellor Rishi Sunak and many other high-profile names. Within 24 hours Boris Johnson tendered…
By Prem Raja · 2 min read
Last week we saw record highs for CPI (Inflation) out of Europe- which has spurred many ECB policymakers to begin making public statements about interest rate hikes, with the first expected in July…
By Prem Raja · 1 min read
It is without question we are in turbulent times- where the majority of investors are unsure of how they are to plan around current events- geopolitical events are non-stop at the moment, and we are…
By Prem Raja · 2 min read
The stars were aligned last week for a great pump on GBP exchange rates- with the BoE expected to raise rates by 25bps, we were all ready for the 1.20 handle to be pierced following the announcement-…
By Prem Raja · 2 min read
It was a great week for Euro buyers following hawkish commentary from the Bank of England stating that interest rates may have to go up in November/December which pushed the GBPEUR price to 1.1850-…
By Prem Raja · 1 min read
The last week was pretty much solely focused on Jackson Hole- which ended up being a slightly dull affair by all measures- there was no "informal nod" that QE tapering would be beginning straight…
By Prem Raja · 2 min read
We saw GBPEUR exchange rates ease off into the weekend after a very strong start to the week- seeing a high of 1.1830 and closing at 1.1750. The positive news is that Sterling seems well supported in…
By Prem Raja · 1 min read
Pound Sterling exchange rates were down across the board over the last week, notably against the Euro and Dollar with GBPEUR seeing lows of 1.1480 and GBPUSD being as low as 1.3660. There a few…
By Prem Raja · 2 min read
Yes, you read that correctly- As I am writing this on my day off (And a day we cannot trade)- GBPEUR has hit a new high of 1.18. The recent move in Sterling is still very much in line with the…
By Prem Raja · 2 min read
Last week was another strong one for GBP with Pound to Euro rates touching 1.17 briefly on Thursday (For all of 60 seconds) before descending back down to 1.1640. The main reason for Sterling ending…
By Prem Raja · 2 min read
So far everything is going to plan with Sterling exchange rates; we have seen GBPEUR reach 1.14 and GBPUSD reach above 1.37 over the last week- solely down to the UK's vaccine rollout in comparison…
By Prem Raja · 2 min read
As we closed on Friday we surprisingly saw Sterling give up gains against both the Euro and the Dollar; hitting 1.1125 against the Euro and 1.3305 against the Dollar. The main reason for this was…
By Prem Raja · 2 min read
It was an interesting week for Pound-Euro exchange rates with rates reaching as high as 1.1275 on Wednesday before dipping to 1.1150 by Friday- and also GBPUSD reaching 1.33 before falling back to…
By Prem Raja · 2 min read
So... It seems the UK has U-Turned on their initial position 2 weeks ago about another Lockdown. As I mentioned 2 weeks ago, it takes the Government around 2 weeks to change their mind, and here we…
By Prem Raja · 3 min read
Over the last few weeks, much of the focus for the Pound and Euro has been down to economic figures and Central Bank decisions- this week we will see this change as there are a few political meetings…
By The Currency Desk · 3 min read
I have worked with thousands of clients over the years who have either purchased, sold, rented or invested in a property outside of their country of residence, and the exchange rates have always…
By Prem Raja · 2 min read
It has been yet another eventful week on the markets- Many of you have been in contact with me and managed to take advantage of the Euro Dollar going back to 1.10 (See last week’s forecast) and many…
By Prem Raja · 2 min read
As you all may be aware there is a lot of volatility in the Euro Zone at the moment so please see below for the key event time line; - Feb 06 German Dec industrial production data - Feb 06 Greek PM…
By Prem Raja · 1 min read
Frequently asked
EUR is driven by European Central Bank policy, Eurozone growth and inflation (especially Germany, France, Italy and Spain), peripheral bond spreads, and political risk. EUR/USD is heavily influenced by the Fed–ECB rate differential.
ECB decisions depend on Eurozone core inflation, wage growth and services prices. When these cool, markets price in cuts and the Euro tends to weaken; when they stay sticky, cuts get pushed back and EUR strengthens.
EUR/USD forecasts hinge on the relative path of the Federal Reserve and ECB. A more dovish Fed generally supports EUR/USD; a more hawkish Fed weighs on it. See our latest Euro briefings for current views.