Pound Sterling16 Aug 2026
Sterling Is Back in Control, But Can the UK Data Keep It There?
Last week was relatively uneventful by 2026 standards, but that did not stop Sterling from continuing its recent recovery.
By Prem Raja · 5 min read
Pound Sterling
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Bank of England, UK data, gilts and the politics that move the Pound. Every GBP briefing we've published.
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Pound Sterling12 Jul 2026
Geopolitics Returns, But Sterling Is Quietly Building Momentum
For much of the past month, markets had begun to price in the idea that the worst of the U.S.–Iran conflict might be behind us.
By Prem Raja · 4 min read
Pound Sterling17 May 2026
Sterling Faces a Political and Economic Stress Test
Labour turmoil, rising inflation concerns and escalating Middle East tensions leave GBP increasingly vulnerable as markets enter a highly headline-driven week.
By Prem Raja · 5 min read
Pound Sterling10 May 2026
Politics, Geopolitics and Inflation: Markets Enter a More Fragile Phase
Labour’s heavy election losses, fragile U.S.–Iran diplomacy and rising inflation pressures leave GBP, EUR and USD facing another week of political and macro-driven volatility.
By Prem Raja · 5 min read
Pound Sterling12 Apr 2026
Markets Still Caught Between Headlines and Hope
Last week was another clear reminder that, for now, geopolitics is firmly in the driving seat. Early in the week, markets reacted positively to news that Donald Trump would enter negotiations with…
By Prem Raja · 3 min read
Pound Sterling5 Apr 2026
Headline Risk Dominates Again as Markets Navigate Thin Liquidity
Last week was another eventful one for markets, with the ongoing situation between the U.S. and Iran continuing to dominate sentiment. Over the weekend, President Trump struck a slightly confusing…
By Prem Raja · 4 min read
Pound Sterling29 Mar 2026
Markets Navigate Geopolitics, Inflation Risks and Quarter-End Positioning
Last week felt slightly different from the pattern we’ve seen recently. While tensions between the U.S. and Iran remain elevated, President Trump held back from any further escalation, instead…
By Prem Raja · 5 min read
Pound Sterling22 Mar 2026
Strikes, Oil and Uncertainty: Why Markets Are Bracing for Volatility
Markets opened this week against the backdrop of a sharp escalation in tensions between the U.S., Israel and Iran over the weekend. Coordinated strikes targeted key Iranian military and…
By Prem Raja · 3 min read
Pound Sterling15 Mar 2026
FX Weekly Outlook: 8 Central Banks, $100 Oil, and Why the Window May Be Closing
Last week was a difficult one for Sterling. Cable closed out the week at 1.3220, and with oil prices breaching $100 per barrel once again, the broader macro backdrop remains unsettled. Volatility has…
By Prem Raja · 5 min read
Pound Sterling8 Mar 2026
Geopolitics Dominates, But Data Still Matters
The past week has been unlike almost any other in recent memory for global markets. The joint US–Israeli military campaign against Iran, launched on 28 February under the codename Operation Epic…
By Prem Raja · 6 min read
Pound Sterling1 Mar 2026
Quarter-End, Geopolitics, NFP: The Perfect Storm
Markets opened this week against a backdrop of significant geopolitical escalation. Over the weekend, reports confirmed coordinated strikes on Iranian targets, followed by retaliatory activity across…
By Prem Raja · 2 min read
Pound Sterling22 Feb 2026
Markets Brace for Tariff Escalation as a Lighter Data Week Approaches
Last week closed with renewed volatility as geopolitical tensions between the U.S. and Iran intensified, alongside the Supreme Court’s ruling on President Trump’s tariff measures. Markets initially…
By Prem Raja · 2 min read
Pound Sterling18 Jan 2026
Markets Open Under a Cloud of Trade Tension and Geopolitical Risk
The weekend has already delivered plenty for markets to digest, with renewed volatility driven by geopolitics rather than economic data. The most notable development has been President Trump’s…
By Prem Raja · 3 min read
Pound Sterling11 Jan 2026
A Busy Mid-Week Ahead as US Inflation and UK GDP Take Centre Stage
Last week started positively for Sterling, with the Pound strengthening against most major currencies through the early part of the week. However, by Friday the tone had shifted. Sterling gave back…
By Prem Raja · 2 min read
Pound Sterling4 Jan 2026
A New Trading Year Begins: FX Volatility Returns Amid Geopolitical Shockwaves
The holiday period in both the UK and the US is now behind us, and with it we are seeing liquidity return to the markets and a gradual shift back toward more normal trading conditions. One clear…
By Prem Raja · 2 min read
Pound Sterling21 Dec 2025
2025 FX Wrapped & 2026 Outlook
As we reach the final days of 2025, the currency markets stand at a fascinating crossroads. This year has been defined by a Great Divergence, a period where long standing economic trends were upended…
By Prem Raja · 2 min read
Pound Sterling14 Dec 2025
A Pivotal Week for FX Markets Before the Year-End Slowdown
Last week was largely defined by the Federal Reserve’s interest rate decision. As expected, the Fed delivered a 25 basis point cut and signalled that two further reductions are likely through 2026.…
By Prem Raja · 3 min read
Pound Sterling7 Dec 2025
Weekly FX Outlook: Central Banks Take Center Stage (Can Sterling Hold Steady?)
The first week of December was relatively quiet, which many in the market welcomed. We did see the US Dollar lose some momentum, and the British Pound managed to recover slightly. This helped lift…
By Prem Raja · 2 min read
Pound Sterling30 Nov 2025
December Kick-off: A Quiet Start to a Fast-Approaching Year-End
Last week's UK Budget proved to be a non-event for the currency markets, with Sterling ending the week virtually unchanged against both the Euro and the US Dollar. This lack of significant reaction,…
By Prem Raja · 3 min read
Pound Sterling23 Nov 2025
FX WEEK AHEAD: The Budget's Shadow, BoE Clarity, and a Dovish RBNZ Cut
Last week provided a brief, yet significant, reprieve for the embattled Pound Sterling , with GBP/USD managing to close just shy of the 1.31 handle and GBP/EUR settling marginally below 1.14. This…
By Prem Raja · 5 min read
Pound Sterling16 Nov 2025
Weekly FX Outlook: Markets Stabilise After the US Shutdown, but Volatility May Return
Last week finally brought a degree of relief to global markets as the US government ended its shutdown after several tense weeks of political deadlock. The reopening restores some certainty to the…
By Prem Raja · 3 min read
Pound Sterling9 Nov 2025
Weekly FX Outlook - A Quieter Week Ahead as Sterling Focus Shifts to the UK Budget
After a hectic few weeks of central bank decisions, inflation data, and political noise, this week finally looks set to offer a brief pause for breath. The docket is notably lighter — and for many…
By Prem Raja · 3 min read
Pound Sterling2 Nov 2025
Weekly FX Market Outlook - Sterling Still Under Pressure as Budget Looms
Last week delivered another tough run for Sterling, with the Pound sliding against most major currencies. The weakness has less to do with a dramatic shift in economic fundamentals and more with…
By Prem Raja · 3 min read
Pound Sterling26 Oct 2025
Weekly Market Outlook: Central Bank Cuts and Trump–Xi Talks Take Centre Stage
We’re heading into a huge week for global markets — one that combines major central bank decisions with a crucial geopolitical meeting between President Trump and President Xi. With both the Federal…
By Prem Raja · 3 min read
Pound Sterling5 Oct 2025
Weekly Market Outlook: Markets Quiet as U.S. Shutdown Drags On
Last week was relatively volatile across the markets, largely driven by ongoing uncertainty in Washington as the U.S. Government shutdown enters its second week . So far, there’s still no clear path…
By Prem Raja · 2 min read
Pound Sterling28 Sept 2025
Weekly Market Outlook: October Begins With Volatility Ahead
As we close out September and step into October, markets are preparing for another month filled with volatility. Interest rate cuts remain firmly on the agenda, economic data is stacked throughout…
By Prem Raja · 2 min read
Pound Sterling21 Sept 2025
Weekly Market Outlook: Digesting Central Bank Moves
After a turbulent week packed with central bank decisions, the days ahead look relatively calmer, but by no means without interest. The Federal Reserve delivered a 25bps cut as expected, while also…
By Prem Raja · 2 min read
Pound Sterling14 Sept 2025
Markets Brace for a Busy Week After Political Shockwaves in France
Last week was another volatile one for global markets, and much of the spotlight fell on Europe. France entered a fresh wave of political and economic turmoil after Prime Minister François Bayrou was…
By Prem Raja · 2 min read
Pound Sterling31 Aug 2025
September Outlook: Markets Set to Pick Up Pace After Summer Lull
After a relatively quiet end to August, markets look set to accelerate once again as we move into September. The traditional summer slowdown is firmly behind us, and with a full slate of data…
By Prem Raja · 3 min read
Pound Sterling24 Aug 2025
Markets Eye September Cuts Following Powell’s Jackson Hole Speech
On Friday, Fed Chair Jerome Powell set the stage for what could be a pivotal month ahead. Speaking at the annual Jackson Hole symposium, Powell confirmed a significant shift in the Federal Reserve’s…
By Prem Raja · 2 min read
Pound Sterling10 Aug 2025
FX Market Outlook – A Volatile August Continues
Last week brought more turbulence to currency markets, with the Bank of England’s decision to cut interest rates delivering an unexpected short-term boost to Sterling. The move was widely…
By Prem Raja · 2 min read
Pound Sterling3 Aug 2025
Markets Remain Volatile Amid Tariff Headlines, Fed Policy, and Key Data This Week
Last week was notably turbulent for currency markets, driven largely by President Trump's recent tariff announcements, the Federal Reserve’s policy decision, and weaker-than-expected U.S. jobs…
By Prem Raja · 3 min read
Pound Sterling27 Jul 2025
Markets Boosted by Last-Minute US-EU Trade Deal- Key Data in Focus This Week
As I write this, news has just broken that the EU and the US have secured a crucial trade agreement, just in the nick of time. To summarise the key points quickly, the EU has agreed to buy…
By Prem Raja · 3 min read
Pound Sterling20 Jul 2025
Sterling Struggles Continue- What to Watch This Week
It was another tough week for Sterling, dropping to around 1.1530 against the Euro and settling near 1.34 against the Dollar, mostly due to disappointing economic data out of the UK. With July nearly…
By Prem Raja · 2 min read
Pound Sterling13 Jul 2025
Sterling Under Pressure Following Weak GDP Data- Markets Eye Inflation and Employment Figures This Week
Sterling faced significant headwinds last week, with disappointing UK GDP numbers on Friday causing substantial weakness. GBPEUR slipped from 1.16 to 1.15, while GBPUSD dropped more sharply from 1.36…
By Prem Raja · 3 min read
Pound Sterling6 Jul 2025
Markets Brace for Volatility Amid U.S. Tariff Deadline and Key Economic Releases
This week is set to be another volatile one in the financial markets. Following the recent passage of President Trump’s significant tax bill, markets now find themselves in an intriguing position,…
By Prem Raja · 3 min read
Pound Sterling28 Jun 2025
FX Markets Close Volatile June on High Note – Key July Events and This Week’s Data in Focus
As we close another turbulent month and quarter, currency markets end June on notable highs. GBP/USD finished impressively above 1.37, GBP/AED surpassed the key level of 5.00, and EUR/USD climbed…
By Prem Raja · 3 min read
Pound Sterling22 Jun 2025
Market Volatility Intensifies as U.S. Directly Engages in Middle East Conflict
The markets endured yet another week of heightened volatility, driven primarily by escalating geopolitical tensions. After weeks of speculation, President Trump ordered anticipated military strikes…
By Prem Raja · 3 min read
Pound Sterling15 Jun 2025
Market Volatility Set to Continue Amid Geopolitical Tensions and Key Central Bank Decisions
Last week proved highly eventful once again, highlighted by successful negotiations between the U.S. and China that finally began to yield results, offering some temporary relief to global markets.…
By Prem Raja · 3 min read
Pound Sterling8 Jun 2025
Markets Braced for Another Volatile Week After ECB, US-China Tensions & Trump-Musk Drama
Last week was anything but quiet, with renewed tensions between the U.S. and China, the ECB signalling stability on interest rates, and even an unusual public clash between President Trump and Elon…
By Prem Raja · 3 min read
Pound Sterling1 Jun 2025
June Begins With a Bang: Tariffs, Rate Cuts, and Key Market Events Ahead
And just like that, we've already reached June! It might be something I say every year, but 2025 truly feels like it's flying by; largely thanks to the constant volatility we've seen so far. With…
By Prem Raja · 3 min read
Pound Sterling26 May 2025
Trump’s Tariff Drama Drives Market Volatility – Key Events This Week
It was a busy and eventful long weekend for markets, dominated again by President Trump's trade policies. On Friday, Trump announced a bold move; imposing a 50% tariff on all EU imports starting June…
By Prem Raja · 3 min read
Pound Sterling18 May 2025
Sterling Gains Ground Amid UK-EU Talks – Key Market Events This Week
Sterling enjoyed improved performance over the last week, particularly against the Euro, driven largely by speculation surrounding ongoing UK- EU negotiations. Markets appear optimistic ahead of key…
By Prem Raja · 2 min read
Pound Sterling11 May 2025
U.S.-China Trade Framework Agreed: Markets Brace for Further Volatility
After a turbulent week filled with interest rate decisions and heightened uncertainty surrounding global trade, markets braced themselves for further volatility heading into the weekend, with high-…
By Prem Raja · 3 min read
Pound Sterling5 May 2025
Volatile Markets Set for Big Moves Ahead of Fed and BoE Decisions
We saw yet another volatile week in the currency markets, with Sterling finishing higher against the Euro but slipping slightly against the Dollar compared to where it began the week. After a…
By Prem Raja · 3 min read
Pound Sterling27 Apr 2025
Sterling Ends Strong Amid Retail Surprise – Key FX Events to Watch This Week
After another volatile trading week, Sterling ended on a positive note thanks to unexpectedly strong UK retail sales data released on Friday. The better-than-anticipated figures provided a welcome…
By Prem Raja · 3 min read
Pound Sterling21 Apr 2025
Trump’s Pressure on Fed Fuels Market Turmoil – Another Volatile Week Ahead
After a notably volatile week on global markets, investors had little respite over the Easter weekend. Markets reopened on Monday sharply lower following fresh controversy involving President Trump,…
By Prem Raja · 3 min read
Pound Sterling6 Apr 2025
FX Market Turmoil Deepens Amid Trump's Tariff Chaos – Key Events to Watch This Week
The last week was particularly volatile for global financial markets, with President Trump’s tariff announcements triggering sharp moves across currencies and equities alike. Following Trump's…
By Prem Raja · 3 min read
Pound Sterling30 Mar 2025
Tariff Countdown and Key Data Releases: FX Outlook for the Week Ahead
Last week was fairly calm on the currency front, despite notable events such as the UK Spring Statement. While the Statement itself didn’t create immediate volatility, it has set the stage for a…
By Prem Raja · 2 min read
Pound Sterling23 Mar 2025
Sterling Steady as Markets Await Crucial UK Spring Budget
Last week was relatively steady for Sterling exchange rates, with the Bank of England's latest meeting delivering no surprises. As widely expected, the BoE kept rates unchanged at 4.50%, reflecting…
By Prem Raja · 2 min read
Pound Sterling16 Mar 2025
Trump’s Trade Chaos, Market Volatility, and a Data-Packed Week Ahead
Another week, another rollercoaster for the markets , driven yet again by Trump’s unpredictable trade policies and the continued fallout from geopolitical uncertainty . If you were hoping for some…
By Prem Raja · 5 min read
Pound Sterling2 Mar 2025
Currency Market Outlook: Recent Volatility and Key Events Ahead
Last Week's Market Movements Last week brought significant volatility to the currency markets, particularly for Sterling and US Dollar pairs. We observed GBP/EUR rising to 1.2120, GBP/USD climbing to…
By Prem Raja · 2 min read
Pound Sterling23 Feb 2025
Sterling’s Strong Week, German Elections, and Key Market Events to Watch
Last week was a positive one for Sterling , with stronger-than-expected employment figures, higher inflation (which pushes back expectations of interest rate cuts), and strong retail sales data.…
By Prem Raja · 3 min read
Pound Sterling16 Feb 2025
Sterling’s Rebound, U.S. Uncertainty, and Key Market Events to Watch This Week
Last week proved to be supportive for Sterling , with an unexpected upside surprise in UK GDP data , showing that the economy grew rather than contracted in the last quarter. This positive momentum,…
By Prem Raja · 3 min read
Pound Sterling26 Jan 2025
Weekly Currency Market Outlook: Trump Trade Unwinds and Key Economic Events to Watch
Last week, we saw the "Trump Trade" unwind as the Dollar softened on speculation that President Trump’s tariff policies may not be as aggressive as initially feared. This shift led to a 2% rise in…
By Prem Raja · 3 min read
Pound Sterling19 Jan 2025
Sterling Market Review and Week Ahead Insights
Last week was challenging for Sterling, with disappointing data culminating in weak retail sales figures. This pushed GBPEUR to 1.18 and GBPUSD to 1.21. Just two months ago, GBPEUR was trading above…
By Prem Raja · 2 min read
Pound Sterling12 Jan 2025
UK Bond Yields Surge as Sterling Slides: Key Data Releases Shaping the Currency Market
The first full week of the year was not short on volatility, with bond yields in the UK surging beyond 5%. This sharp rise reflects investor concerns about the UK Government's ability to manage its…
By Prem Raja · 2 min read
Pound Sterling5 Jan 2025
Weekly Currency Market Outlook: Sterling Trends, Key Data Releases, and Market Insights for 2025
Hello and Happy New Year to you all! I hope your Christmas was more restful than mine—with two teething toddlers, there wasn’t much room for relaxation! That said, I’m back at my desk and excited to…
By Prem Raja · 2 min read
Pound Sterling22 Dec 2024
Rough week for Sterling exchange rates going into Christmas.
Last week was a pretty volatile week from a Sterling and Dollar perspective- with both central banks having their interest rate decision within 24 hours of each other. The Fed decided to cut 25bps…
By Prem Raja · 2 min read
Pound Sterling15 Dec 2024
Sterling weaker after GDP data.
Sterling ended the week on a pretty negative note following weak UK GDP data with GBPEUR falling to 1.20, and GBPUSD falling to 1.26. The biggest concern with the data was that the services sector in…
By Prem Raja · 3 min read
Pound Sterling8 Dec 2024
Big week for Central Bank decisions.
Last week French politics took the spotlight with a vote of no confidence resulting in the current Government being dissolved. Upon PM Barniner's exit, there has been much positive movement with…
By Prem Raja · 2 min read
Pound Sterling1 Dec 2024
What will affect Sterling exchange rates in December?
November was a very volatile month mainly due to the U.S. presidential election and issues in the German government, we saw some big moves in FX, we have GBPEUR at 1.20, EURUSD at 1.05 (Down from…
By Prem Raja · 2 min read
Pound Sterling24 Nov 2024
Sterling weaker after bad Retail Sales.
Last week ended on a weaker note for Sterling following weak PMI data and weak retail sales numbers, this led to lower exchange rates against both the Euro and the Dollar. This week is the last week…
By Prem Raja · 2 min read
Pound Sterling17 Nov 2024
Sterling finishes the week lower across the board.
On Friday UK GDP numbers showed that growth in the UK had slowed down to just 0.1% by September, which has had an instant negative impact on Sterling exchange rates. What this release has shown is…
By Prem Raja · 3 min read
Pound Sterling10 Nov 2024
Sterling higher after volatile week.
Last week was probably the biggest week of the year on financial markets with Trump winning the US Presidential Election, the Bank of England cutting rates by 25 bps and the Fed also cutting rates by…
By Prem Raja · 2 min read
Pound Sterling3 Nov 2024
Elections & Central Banks In Focus This Week
Following the bond sell off's last week after the Chancellor's Autumn budget, the Pound has managed to steady itself going into the new week, as it seems Gilt investors are convinced of the…
By Prem Raja · 2 min read
Pound Sterling27 Oct 2024
UK Budget in focus this week
Sterling has managed to keep above 1.20 against the Euro but unfortunately slipped below the 1.30 handle against the Dollar. Following a relatively quiet week we saw pretty sideways price action now…
By Prem Raja · 2 min read
Pound Sterling20 Oct 2024
GBPEUR Hits 1.20 following strong retail sales.
On Friday we saw Sterling rise against the Euro above 1.20 following positive retail sales data, giving us the best GBPEUR exchange rate in over 2 years. Retail sales were expected negative,but…
By Prem Raja · 1 min read
Pound Sterling15 Sept 2024
Fed & BoE Meetings In Focus This Week
This week will most probably be the highlight for September; so far Sterling is in a good position as of the close on Friday, and we have a few releases through the week before we get to the Central…
By Prem Raja · 2 min read
Pound Sterling8 Sept 2024
Quiet week ahead on markets.
There has been a significant risk off tone in the markets over the last two weeks- where we have seen stocks sell off, and consequently, Pound Sterling as well. GBPUSD usually gets hit the most in a…
By Prem Raja · 1 min read
Pound Sterling1 Sept 2024
Pound Sterling Exchange Rates Forecast September 2024
August is generally a low liquidity month, however, we saw some pretty sharp moves on Sterling across the board with a rise on GBPEUR to 1.19, a drop to 1.15 and then a rise back to 1.19 again at the…
By Prem Raja · 2 min read
Pound Sterling26 Aug 2024
Sterling strengthening into September.
Sterling exchange rates have improved significantly since the market dropped off following the Bank of Japan rate hike, GBPEUR has now climbed back to the 1.18 level, and GBPUSD has now reached 1.32,…
By Prem Raja · 2 min read
Pound Sterling18 Aug 2024
Sterling gains across the board to end the week.
Last week was very encouraging for Sterling bulls with GBPEUR rising above 1.17 and GBPUSD rising above 1.29. Retail sales coming in strong on Friday closed off the week perfectly for Sterling,…
By Prem Raja · 2 min read
Pound Sterling11 Aug 2024
GBP Rates still subdued following market-wide sell offs.
Over the last week we have only seen a slight recovery on Sterling exchange rates, with GBPEUR now reaching 1.1680 and GBPUSD now reading 1.2750- which is still 1.5% away from the highs just two…
By Prem Raja · 2 min read
Pound Sterling4 Aug 2024
Weak NFP's cause market sell-off
Last week ended in a pretty explosive way after fewer jobs were added in the U.S than expected last month. Unemployment rose to 4.3%- essentially showing that the Fed has been behind the curve with…
By Prem Raja · 2 min read
Pound Sterling28 Jul 2024
BoE expected to cut rates this week.
Last week traders showed their hand by selling off the Pound on expectations that the BoE would be cutting interest rates this Thursday- with GBPEUR now trading at 1.1850 and GBPUSD trading at…
By Prem Raja · 2 min read
Pound Sterling21 Jul 2024
President Biden drops out of Election.
Before we get into markets- on Sunday, President Biden announced that he will be dropping out of the election- this was after rumours throughout the week that he would be doing this, however usually…
By Prem Raja · 2 min read
Pound Sterling14 Jul 2024
Pound Sterling Exchanges Rates Rise Further- GBPUSD over 1.29.
The Euros are over and we are now back to life without football- Sterling exchange rates had a strong push-up through the week with GBPEUR closing the week at 1.19 and GBPUSD closing the week above…
By Prem Raja · 2 min read
Pound Sterling7 Jul 2024
UK and France Elections end on a positive note for both currencies.
As I write this, the UK election results have already been declared with Labour winning a majority- this generally kept the Pound stable and didn't add too much volatility into the market- the larger…
By Prem Raja · 2 min read
Pound Sterling30 Jun 2024
Politics take centre stage this week.
The first week of July brings is what has the potential to be a very volatile week with both UK and French elections on the cards (Alongside a very busy economic calendar). On Sunday the first round…
By Prem Raja · 2 min read
Pound Sterling23 Jun 2024
Retail Sales Push GBP higher.
After a week in the beautiful cities of Porto and Braga, I am now back in the UK and in the office- hopefully my great team have been able to take care of you all. The major story last week was the…
By Prem Raja · 1 min read
Pound Sterling9 Jun 2024
GBPEUR higher and GBPUSD lower after hot U.S Jobs report.
Last week we ended Friday with a monster jobs report out of the U.S showing that they created 272k jobs in May- this sent both GBPUSD and EURUSD lower instantly as it was a big surprise to the…
By Prem Raja · 3 min read
Pound Sterling2 Jun 2024
Pound Sterling Exchange Rates Strong Going Into June
Pound Sterling exchange rates have had a very good month in May, considering news of a UK election coming in July, the volatility has very much been swayed in favour of Sterling, which has given us a…
By Prem Raja · 2 min read
Pound Sterling27 May 2024
Sterling rallies following inflation print.
Last week was quite eventful for Stering exchange rates with a higher than expected inflation print causing GBPEUR to spike to 1.1770 and GBPUSD to 1.2770- the data overall was seen as positive as it…
By Prem Raja · 1 min read
Pound Sterling19 May 2024
GBPEUR has positive end to the week.
Last week was constructive for Sterling exchange rates with GBPEUR ending the week at 1.1685, and GBPUSD ending the week at 1.27. EURUSD was also bullish last week closing on Friday at 1.0870. As we…
By Prem Raja · 2 min read
Pound Sterling12 May 2024
Positive GDP Data Boosts Sterling Exchange Rates
The last week was pretty volatile for Sterling exchange rates, with the Pound falling prior and following the BoE decision. The simple update is that 2 members voted for a cut which meant that…
By Prem Raja · 2 min read
Pound Sterling6 May 2024
All eyes on the Bank of England this week.
Last week we saw markets take a turn following a few weeks of Dollar strength- this was reversed by the Fed meeting which made clear that the Fed is now watching data to decide when to make it's…
By Prem Raja · 2 min read
Pound Sterling21 Apr 2024
Pound Sterling Exchange Rate Falls on Talks of June Rate Cut.
Sterling exchange rates had a pretty rough week, which got rougher on Friday afternoon when BoE member Ramsden spoke and mentioned that "risks to persistence in domestic inflation pressures are…
By Prem Raja · 2 min read
Pound Sterling14 Apr 2024
GBPUSD drops to 1.24
Last week was pretty busy on the macroeconomic front with Fed minutes, the ECB confirming a rate cut from June and plenty of economic data- however, this was all over shadowed by the escalating…
By Prem Raja · 2 min read
Pound Sterling7 Apr 2024
ECB Interest Rate Decision This Week
Last week, a substantial influx of data exerted pressure on the market. Notably, Janet Yellen from the U.S. government is currently in China, engaging in discussions aimed at fostering mutually…
By Prem Raja · 2 min read
Pound Sterling31 Mar 2024
Strong start to 2024 for the Pound
March and the first quarter as a whole were very supportive for Sterling exchange rates, given the fact that we are now in an economic environment where the UK has officially fallen into a recession…
By Prem Raja · 2 min read
Pound Sterling24 Mar 2024
Pound Sterling Weakens Following BoE Meeting & Retail Sales
The Pound fell around 0.5% last week due to flat Retail Sales data and the BoE deciding to keep rates on hold- the reason why Sterling fell was the retail sales numbers came out at 0% which showed no…
By Prem Raja · 2 min read
Pound Sterling17 Mar 2024
Busy week ahead for GBP Exchange Rates
Hello all, I hope this message finds you well. Firstly, I'd like to extend my sincere apologies for my absence over the past couple of weeks. I've been on paternity leave, cherishing precious moments…
By Prem Raja · 2 min read
Pound Sterling25 Feb 2024
Sterling strengthens into March
Pound Sterling exchange rates have held up pretty well over the last week, with GBPEUR trading at 1.17 and GBPUSD trading at 1.2670- this was following strong PMI data out of the UK which suggested…
By Prem Raja · 3 min read
Pound Sterling18 Feb 2024
Negative news weighing down Sterling exchange rates
Last week delivered a blow to the Pound following GDP figures which showed the UK entered a recession last quarter- This wasn't really news to us however now it has been made official we saw an…
By Prem Raja · 1 min read
Pound Sterling11 Feb 2024
Big week for UK economic data.
Sterling exchange rates have stayed resilient over the last week with an impressive close on Friday with GBPEUR above 1.17 and GBPUSD above 1.26, following a pretty choppy week. This week we have a…
By Prem Raja · 2 min read
Pound Sterling4 Feb 2024
Sterling weaker following robust U.S jobs numbers
Last week was generally quite stable for Sterling following the Bank of England decision where rates were held with no real immediate concern for any cuts coming soon- the big news though was the NFP…
By Prem Raja · 2 min read
Pound Sterling28 Jan 2024
GBPEUR rises to 1.17
Sterling to Euro exchange rates rose again last week against the Euro following forward guidance given by the ECB. The key reason why we saw another jump in GBPEUR exchange rates is that President…
By Prem Raja · 2 min read
Pound Sterling21 Jan 2024
Sterling lower after disappointing retail sales data
A pretty well performing week was put to a halt on Sterling following retail sales data showing that UK shoppers were spending a lot less this December, this may have come down to the fact that…
By Prem Raja · 2 min read
Pound Sterling14 Jan 2024
Sterling has a positive start to 2024.
Sterling exchange rates closed on Friday net positive for the week after GDP numbers showed that the UK economy rebounded in November- however, the part that perhaps wasn't reported as much is that…
By Prem Raja · 2 min read
Pound Sterling7 Jan 2024
January outlook for Sterling exchange rates.
The first week of 2024 was relatively volatile while traders found their feet- we saw stock markets sell off pretty much everyday through the week and various data releases which moved the market- we…
By Prem Raja · 2 min read
Pound Sterling11 Dec 2023
Last Central Bank Decisions Of The Year This Week
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…
By Prem Raja · 2 min read
Pound Sterling26 Nov 2023
Surprise upside for Pound Sterling exchange rates.
Last week's data releases provided strength for the Pound after a pretty downbeat month or so on the market- showing that UK PMI numbers were back over the 50 area, which means that the UK economy is…
By Prem Raja · 2 min read
Pound Sterling19 Nov 2023
Sterling drops after surprise weak retail sales.
Last week was generally pretty supportive for Sterling exchange rates from a data perspective- however on Friday this all changed very quickly as retail sales numbers came out as low as they were…
By Prem Raja · 1 min read
Pound Sterling13 Nov 2023
Sterling weakness sustained- Big data week for the Pound.
It is no secret that Sterling exchange rates have been under pressure over the last month, with economic sentiment weighing heavy on the Pound alongside the BoE signaling that they are at the end of…
By Prem Raja · 2 min read
Pound Sterling5 Nov 2023
Sterling rises following BoE Decision.
After an important week of data and Central Bank decisions- Sterling exchange rates have managed to stabilise higher than where they started last week, both up around 1% respectively. The main reason…
By Prem Raja · 1 min read
Pound Sterling29 Oct 2023
Big week for the markets.
The Pound has struggled to maintain any form of strength against the Euro and Dollar over the last month, with GBPEUR currently trading at 1.1470 and GBPUSD trading at 1.2110. After a dovish ECB…
By Prem Raja · 2 min read
Pound Sterling22 Oct 2023
UK experiencing stagflation?
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 Prem Raja · 2 min read
Pound Sterling15 Oct 2023
Sterling exchange rates remain weak.
GBPEUR rates have remained pretty supported over the last week with Pound to Euro rates closing the week around 1.1550- unfortunately, GBPUSD has been a different story, the last week has seen us…
By Prem Raja · 2 min read
Pound Sterling24 Sept 2023
Sterling exchange rates continue fall following BoE decision.
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…
By Prem Raja · 2 min read
Pound Sterling17 Sept 2023
BoE to raise rates again this week.
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…
By Prem Raja · 2 min read
Pound Sterling10 Sept 2023
GBPUSD Slips 3% in a week.
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…
By Prem Raja · 2 min read
Pound Sterling3 Sept 2023
Quiet week ahead for Sterling exchange rates.
As the first full week of the month fets into full swing- we have a pretty quiet Monday with it being Labor day in the U.S- the only key release will be a speech from ECB President Lagarde, markets…
By Prem Raja · 2 min read
Pound Sterling28 Aug 2023
The Week Ahead- Sterling exchange rates.
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…
By Prem Raja · 2 min read
Pound Sterling20 Aug 2023
Weak-end before the weekend for Sterling.
From Monday-Thursday Sterling actually performed pretty well on the week, with Pound to Euro rate reaching 1.1730 and the Pound to Dollar rate hitting 1.28. Unfortunately, on Friday morning, weak UK…
By Prem Raja · 2 min read
Pound Sterling13 Aug 2023
Big week ahead for Sterling Exchange Rates
After positive UK GDP data, the Pound traded a little higher on Friday after a relatively disappointing performance over the week- the data showed that the UK economy has in fact still grown a little…
By Prem Raja · 2 min read
Pound Sterling6 Aug 2023
Sterling remains stable following BoE decision.
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,…
By Prem Raja · 1 min read
Pound Sterling30 Jul 2023
All Eyes On The Bank of England
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…
By Prem Raja · 2 min read
Pound Sterling25 Jun 2023
BoE hike throws Sterling into an interesting position.
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…
By Prem Raja · 2 min read
Pound Sterling11 Jun 2023
GBPEUR at 2023 high of 1.17.
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…
By Prem Raja · 2 min read
Pound Sterling29 May 2023
GBPEUR Higher after UK Inflation data.
The last week was pretty volatile for markets- with traders now pricing in more BoE hikes this year (Expected to reach 5.5%) following inflation data showing no sign of cooling yet. Naturally, this…
By Prem Raja · 2 min read
Pound Sterling1 May 2023
Another big week for central banks.
With just a 4 day week ahead of us in the UK before the King's Coronation, we have a relatively volatile week on the cards with Central Banks as the key focus- which could present some great…
By Prem Raja · 2 min read
Pound Sterling23 Apr 2023
Weak UK Retail sales to end the week.
Last week we saw the Pound weaken slightly after disappointing retail sales figures- this was also coupled with Deputy Prime Minister Dominic Raab's resignation. Most of the drop in retail sales…
By Prem Raja · 1 min read
Pound Sterling2 Apr 2023
New Month Forecasts for Pound Sterling
Overall, the month of March was quite supportive for Sterling with GBPEUR closing the month at 1.1370 and GBPUSD closing at 1.2320. With positive GDP for the UK and a relatively stable budget, there…
By Prem Raja · 1 min read
Pound Sterling26 Mar 2023
BoE raises rates by 25bps.
Last week was pretty jam-packed as far as announcements were concerned with the Fed and the BoE both raising interest rates by 25bps. For both central banks, it is still unclear what the forward…
By Prem Raja · 1 min read
Pound Sterling19 Mar 2023
How will a banking crisis affect the FX markets?
The markets have been all over the place since the closure of SVB last week, which was joined by 5 other small banks as the week went on. The latest issue on the cards is Credit Suisse who are having…
By Prem Raja · 2 min read
Pound Sterling12 Mar 2023
ECB Rate decision this week.
Last Friday we saw the first major bank failure since 2008 when the Silicon Valley Bank was closed by Regulators- the long and short of the issues with the bank was overexposure to the tech sector…
By Prem Raja · 1 min read
Pound Sterling5 Mar 2023
Sterling weakens alongside global equities.
After quite an eventful week on the markets with GBPEUR reaching 1.14 and then retreating back to 1.1320 by Friday's close and GBPUSD hitting above 1.21 before settling at 1.20- we have a pretty…
By Prem Raja · 2 min read
Pound Sterling12 Feb 2023
Volatile week ahead for Sterling exchange rates.
Sterling has been under a lot of pressure over the last month, with the latest release being UK GDP last week which showed that the UK economy shrank a lot more than previously expected in December.…
By Prem Raja · 2 min read
Pound Sterling7 Jan 2023
Sterling ends first week of 2023 on a high.
We had an interesting first week back on the market with pretty limited data releases and Sterling exchange rates having both strong and weak days against the Euro and Dollar. The main focus for the…
By Prem Raja · 1 min read
Pound Sterling11 Dec 2022
Big week for Central Banks.
The last week has been quite supportive for Sterling exchange rates with GBPEUR trading between 1.16-1.17 and GBPUSD trading between 1.22-1.23. This has been for various reasons, one of which has…
By Prem Raja · 2 min read
Pound Sterling6 Nov 2022
Bank of England sends Sterling lower.
Last week was full of Central Bank announcements with the Fed raising rates by 75bps and the Bank of England following suit on Thursday. As always, what matters more than the actual rate decisions…
By Prem Raja · 1 min read
Pound Sterling30 Oct 2022
The Fed & BoE set to raise rates this week.
Sterling exchange rates have been performing relatively well over the last week since Rishi Sunak was made Prime Minister- we have seen GBPEUR hit 1.1650 and GBPUSD hit 1.1613. The markets seem to…
By Prem Raja · 1 min read
Pound Sterling23 Oct 2022
Another UK Prime Minister gone... Time for Rishi Sunak?
Well, it really happened. PM Liz Truss resigned from her post on Thursday after an astonishing 4 weeks on the job, it was clear that the markets were happy with this outcome with Sterling actually…
By Prem Raja · 1 min read
Pound Sterling15 Oct 2022
Truss fails to calm the markets.
We had a very eventful end to last week with Chancellor Kwasi Kwarteng sacked and replaced by Jeremy Hunt. This came off the back of the BoE refusing to intervene further in the markets and halt it's…
By Prem Raja · 1 min read
Pound Sterling9 Oct 2022
UK's credit outlook downgraded to negative.
Pound sterling exchange rates suffered another blow last week as Fitch downgraded the UK's outlook to negative amidst the current issues economically. The main reason of course was due to the…
By Prem Raja · 1 min read
Pound Sterling2 Oct 2022
Sterling regains ground after Bank of England steps in.
After a very volatile week- Sterling has managed to regain ground against most majors and has returned to same levels it was trading at prior to the Chancellor's speech. This move must not be…
By Prem Raja · 2 min read
Pound Sterling25 Sept 2022
Sterling falls 3% following Chancellor's "Mini Budget"
Last week we saw a "Black Friday" event with Sterling falling over 3% against the Dollar and over 2% against the Euro. This has brought GBPUSD down to 1.0850 and GBPEUR to 1.1190. The only reason the…
By Prem Raja · 1 min read
Pound Sterling19 Sept 2022
Big week ahead for Sterling Exchange Rates.
It seems Sterling exchange rates have taken the elevator down recently with both GBPEUR and GBPUSD prices trading in the 1.13 area- for the Dollar, we have breached 35-year lows and for GBPEUR we are…
By Prem Raja · 2 min read
Pound Sterling11 Sept 2022
Market reacts positively to Lizz Truss Energy Plans.
After a very sad week following the passing of Her Majesty Queen Elizabeth II, It seems that whatever is going on with the markets is trivial compared to the somber mood in the UK currently-…
By Prem Raja · 2 min read
Pound Sterling29 Aug 2022
Pound Sterling Forecast for September
Sterling exchange rates fell at the end of last week after comments from Jackson Hole, bringing GBPEUR down to 1.17 and GBPUSD down to 1.17 as well. Comments from Jackson Hole were still pretty…
By Prem Raja · 1 min read
Pound Sterling13 Aug 2022
UK GDP release "not as bad as expected"- But still not good.
On Friday morning the UK had it's GDP release that showed a contraction of 0.1% (Growth of -0.1%) for the last quarter which was slightly better than what markets were predicting. On the back of…
By Prem Raja · 1 min read
Pound Sterling7 Aug 2022
BoE Commentary Dampens Pound Sterling Forecasts
The Pound started last week on the front foot against most currencies until Thursday when the Bank of England raised interest rates by 50bps- this, itself would usually be viewed as a hawkish moment…
By Prem Raja · 2 min read
Pound Sterling31 Jul 2022
Bank of England to raise interest rates this week.
As we now enter August after a very volatile July- what we are hoping for is some calm in the market, we do usually get a "Summer Lull"- however with Central Bank activity this month, this may not be…
By Prem Raja · 2 min read
Pound Sterling3 Jul 2022
Cable falls below 1.20 amidst Global recession concerns.
It seems Sterling exchange rates have seen the last of positive days for now, with GBPEUR trading at 1.15 and GBPUSD falling into the 1.19 area on Friday. The reason for these movements is simple,…
By Prem Raja · 2 min read
Pound Sterling22 May 2022
Positive Retail Sales Surprise Boosts Sterling
After a relatively rough week on the market, Sterling exchange rates got a boost following better than expected retail sales figures out of the UK- with food and fuel sales both higher than the…
By Prem Raja · 1 min read
Pound Sterling16 May 2022
Sterling Underperformance To Begin The Week
Sterling opened on Monday on a softer note with GBPEUR trading around 1.1750-1.18 and GBPUSD trading between 1.22-1.23. Fortunately, a higher close on Monday has given hope for a better Tuesday.…
By Prem Raja · 2 min read
Pound Sterling24 Apr 2022
Sterling loses 1.5% against majors following weak retail sales.
it was a relatively positive week for Sterling exchange rates with the GBPEUR price comfortably above 1.20 and GBPUSD above 1.30- that was until Friday- when we saw a much weaker than expected retail…
By Prem Raja · 2 min read
Pound Sterling17 Apr 2022
Sterling rebounds and fuels more positive forecasting.
Firstly, I hope you are all refreshed after the bank holiday- before we got our long weekend, we saw a very strong push on the GBPEUR exchange rate above 1.21 and GBPUSD above 1.31. What was most…
By Prem Raja · 2 min read
Pound Sterling27 Mar 2022
Pound Sterling Forecast- Week Ahead
We are now entering the end of the month and the financial year- currently, GBPEUR is sitting at 1.20 and GBPUSD is just under 1.32. After a pretty hot CPI release for the UK, and a relatively…
By Prem Raja · 1 min read
Pound Sterling20 Mar 2022
Sterling Exchange Rates Lower Following BoE Rate Hike.
Last week we saw Pound Sterling exchange rates fall following the Bank of England decision to raise interest rates by 25bps to 0.75%. Members voted 8-1 in favor of the hike and signaled that there…
By Prem Raja · 2 min read
Pound Sterling27 Feb 2022
Russia & Ukraine Conflict Still Dominating Markets.
In last week's article I mentioned that the focus for exchange rates would be the ongoing tensions between Russia & Ukraine- over the last few days we saw these tensions escalate after Russia began…
By Prem Raja · 1 min read
Pound Sterling20 Feb 2022
Sterling exchange rates continue higher.
Last week saw more volatility across all markets, mainly due to the Fed and the ongoing situation between Russia & Ukraine. We saw GBPEUR rise from 1.19-1.20 by Friday close, with GBPUSD a little…
By Prem Raja · 1 min read
Pound Sterling13 Feb 2022
Sterling finishes the week higher before eventful week.
We are now 2 months into 2022, and it seems this year is going to be just as eventful as the last couple! We had plenty of announcements and data releases last week which managed to push Sterling…
By Prem Raja · 2 min read
Pound Sterling16 Jan 2022
GBPEUR Faces large resistance at 1.20.
Last week, Sterling exchange rates continued its ascending move against most major currencies with GBPEUR tapping the 1.20 handle (Albeit briefly) and GBPUSD going above 1.37 (5% up from Decembers…
By Prem Raja · 2 min read
Pound Sterling9 Jan 2022
Pound Sterling Begins 2022 with Strength.
The first official trading week of the year was significantly bullish for Sterling exchange rates; with GBPEUR closing the week at 1.1960 and GBPUSD closing the week at 1.3584 (After a very weak NFP…
By Prem Raja · 2 min read
Pound Sterling19 Dec 2021
Sterling exchange rates supported after BoE rate hike.
Last week saw a week full of Central Bank decisions which ultimately have begun to dictate how exchange rates will look from January 2022- the first major event was the Fed announcing that they will…
By Prem Raja · 2 min read
Pound Sterling12 Dec 2021
All Eyes On Central Banks This Week.
Traditionally, December is a relatively illiquid month for the markets- but at the moment, with everything going on- we are seeing plenty of market movement on both the FX and stock markets due to…
By Prem Raja · 2 min read
Pound Sterling28 Nov 2021
Omicron Variant Takes Markets By Storm.
On Friday we saw a pretty deep sell-off across all markets (FX, Cryptocurrencies & Equities) following news of the Omicron Variant and countries beginning to react. We have already seen numerous…
By Prem Raja · 2 min read
Pound Sterling21 Nov 2021
Pound Sterling Exchange Rates Outperform.
The Pound had a great week last week after a number of supportive data releases in the UK including positive employment numbers, rising inflation, and an improvement in Retail spending. All three of…
By Prem Raja · 1 min read
Pound Sterling14 Nov 2021
Volatile week ahead for Sterling exchange rates.
November has already shown itself to be a very volatile month with ranges on GBPEUR between 1.16-1.18 and GBPUSD ranges between 1.33-1.36. Of course, the main reasons for this volatility were due to…
By Prem Raja · 1 min read
Pound Sterling6 Nov 2021
Bank of England Pulls the Rug from beneath Sterling.
This last week was pretty rough for Sterling exchange rates- as I explained in my previous article there were two major events last week, the Fed and the BoE. The market had been positioning for the…
By Prem Raja · 2 min read
Pound Sterling31 Oct 2021
Central Banks In Focus This Week
October was a relatively strong month for Sterling with pretty hawkish comments coming from the Bank of England over the month giving markets an opportunity to begin pricing in interest rate hikes…
By Prem Raja · 3 min read
Pound Sterling3 Oct 2021
End Of Month/Quarter Moves on Sterling Reversed.
Last month was an EXTREMELY volatile week for Sterling- with GBPEUR falling to 1.1550, GBPUSD falling to 1.34, and EURUSD also falling to 1.1560. Now, if you were to read the tabloids, you would…
By Prem Raja · 2 min read
Pound Sterling12 Sept 2021
Pound Sterling Exchange Rates Stronger Into New Week.
Sterling exchange rates (predominantly against the Euro) will enter the next week a lot stronger, after pretty good momentum for Pound to Euro exchange rates over the last few days- despite a pretty…
By Prem Raja · 2 min read
Pound Sterling23 Aug 2021
Market awaits Jackson Hole for the next move.
This week has begun on a slightly quieter note- with the main event being Jackson Hole Thursday-Friday this week- Sterling exchange rates ended last week slightly lower across the board after a surge…
By Prem Raja · 2 min read
Pound Sterling8 Aug 2021
Sterling exchange rates strong into GDP release.
Sterling exchange rates have seen a couple of weeks of non-stop gains, predominantly against the Euro with exchange rates going above 1.18 on Friday. The latest Bank of England meeting supported…
By Prem Raja · 2 min read
Pound Sterling1 Aug 2021
Sterling exchange rates end July on a high... What's next?
Sterling managed to recover its losses against the Euro going into the end of July and managed to recover to 1.39 against the Dollar. We saw the Dollar Index strengthen through July which managed to…
By Prem Raja · 2 min read
Pound Sterling25 Jul 2021
Sterling exchange rates recover losses after a bad start to the week.
It has been yet another volatile week on the FX markets with sentiment being very risk-off on Monday morning and Sterling beginning the week on the back foot, with lows against the Euro of 1.1530 and…
By Prem Raja · 2 min read
Pound Sterling18 Jul 2021
Bank of England Supports Sterling Strength.
Over the last week, we saw Sterling exchange rates rise above 1.17 against the Euro before closing the week at a level of 1.1650. Sterling has remained slightly weaker against the U.S Dollar as…
By Prem Raja · 2 min read
Pound Sterling11 Jul 2021
GBPEUR settles at 1.17 prior to UK reopening.
Sterling to Euro exchange rates have settled in a positive area over the last week with prices staying in the 1.16-1.17 area- and we have finally seen a slight reversal in Dollar strength as of…
By Prem Raja · 2 min read
Pound Sterling27 Jun 2021
Pound Sterling Exchange Rates Week Ahead
We saw GBP exchange rates soften after a strong run up to the Bank of England interest rate decision on Thursday, the reason for the sell off was more of a "Buy the rumour, sell the news" event as no…
By Prem Raja · 1 min read
Pound Sterling6 Jun 2021
Sterling exchange rates on the front foot... For now.
The last week was a positive one for Sterling exchange rates with GBPEUR hitting 1.1670 and GBPUSD going to 1.4250 due to positive UK data over the week. Generally, we have had pretty boring FX…
By Prem Raja · 3 min read
Pound Sterling31 May 2021
What's next for Sterling exchange rates?
It has been yet another eventful month- with Sterling managing to creep back up against most major currencies- ending the month at 1.42 against the U.S Dollar and above 1.16 against the Euro. The…
By Prem Raja · 2 min read
Pound Sterling15 May 2021
Strong Week For Pound Sterling Exchange Rates.
Over the last week we have seen Sterling exchange rates continue to rise against the Euro & Dollar as the UK plans to move to the next stage of reopening on 17th May- which will see many more…
By Prem Raja · 2 min read
Pound Sterling9 May 2021
Sterling exchange rates hold steady into the next stage of reopening.
The last week was quite volatile for Sterling, with a positive start to the week that was then reversed after comments from the Bank of England. Unfortunately, the Central Bank was unable to provide…
By Prem Raja · 2 min read
Pound Sterling3 May 2021
Sterling exchange rates stable going into May.
It has been quite an interesting month as far as FX movement is concerned on G10 pairs- from the beginning of April to the end GBPEUR has traded as low as 1.1460 and as high as 1.1784 and GBPUSD has…
By Prem Raja · 3 min read
Pound Sterling25 Apr 2021
Sterling recovery next on the cards.
Over the last few weeks we have seen Sterling exchange rates begin to fall predominantly against the Euro and Dollar as we have seen strength and progress in Europe and the USA's vaccination…
By Prem Raja · 2 min read
Pound Sterling18 Apr 2021
Rough week for Sterling exchange rates as UK opens up.
Last week was a relatively bad week for Sterling exchange rates; we saw GBPEUR as low as 1.1460 and GBPUSD as low as 1.3740 before rising again on Friday ending the week higher. Interestingly enough…
By Prem Raja · 2 min read
Pound Sterling28 Mar 2021
Sterling exchange rates close higher across the board.
After what seemed like a very long week- it seemed that the main topic was vaccination exports and supply- with much news coming from the UK & EU about exports being blocked and supply being lower.…
By Prem Raja · 2 min read
Pound Sterling28 Feb 2021
Sterling exchange rates hold up well during broad market sell-off.
Over the last week we saw the market being to face sell-offs due to concerns about bond prices and yields- what was positive to see was the Sterling reaction. GBPUSD fell under 1.40 (After a rise to…
By Prem Raja · 2 min read
Pound Sterling21 Feb 2021
Sterling exchange rates continue to outperform prior to PM speech.
Over the last week, we saw Sterling continue its outperformance, seeing it rise to 1.15 against the Euro and 1.40 against the U.S Dollar. The main reason for this is still the strong vaccination…
By Prem Raja · 2 min read
Pound Sterling13 Feb 2021
Sterling exchange rates remain steady.
Last week was rather uneventful for Sterling as we managed to hold the key 1.14 area against the Euro and 1.38 against the U.S Dollar. So far Sterling strength is playing out as we expected, however…
By Prem Raja · 1 min read
Pound Sterling31 Jan 2021
Sterling exchange rates poised to go higher as "Vaccine Trade" continues.
Over the last week Pound Sterling exchange rates have been comfortably moving higher- albeit at a slow pace (Which in my opinion is a solid proof of trend confirmation)- predominantly against the…
By Prem Raja · 2 min read
Pound Sterling24 Jan 2021
Sterling exchange rates push ahead with strong vaccine rollout.
Last week we saw some strength in Sterling exchange rates with GBPEUR hitting 1.13 and GBPUSD hitting 1.3750 before pulling back at the end of the week. It seems that the "Vaccine trade" is in full…
By Prem Raja · 2 min read
Pound Sterling10 Jan 2021
Sterling Exchange Rates- 2021 gets off to an interesting start.
I must say, the last week has felt like a year! Never have I experienced such an eventful first week of a year in my entire life. It seems 2021 did not want to ease us in and just get straight to it!…
By Prem Raja · 3 min read
Pound Sterling3 Jan 2021
Pound Sterling Forecast 2021
I hope you all had a great Christmas and New Year- in a blink it seems we are now in 2021, but fortunately, not carrying some of the baggage from 2020. On Christmas Eve, the Brexit trade deal was…
By Prem Raja · 4 min read
Pound Sterling20 Dec 2020
Pound Sterling News- Another day... Another Brexit deadline.
On the Brexit front, we have yet another uneventful weekend- with no real news coming from talks apart from the fact that Brexit negotiators will continue into Monday. On Thursday, the EU made Sunday…
By Prem Raja · 2 min read
Pound Sterling13 Dec 2020
Pound Sterling Exchange Rates Expected To Bounce
Last week became extremely eventful after Boris Johnson's meeting with EU Commission President Ursulsa von der Leyen seemed to go South and No-Deal preparations were the only headline you could read…
By Prem Raja · 1 min read
Pound Sterling6 Dec 2020
Brexit News- Both sides in a standoff- Volatile week ahead.
In all honesty, I think the title of this article really says it all. I have been patiently watching my screens all weekend waiting for something of substance to arrive on my screen which would give…
By Prem Raja · 2 min read
Pound Sterling22 Nov 2020
Brexit still controlling the Sterling narrative.
As a whole, I would say that last week was pretty flat for Sterling; we didn't see much movement in either direction which was pretty typical for the third week of the month- this week however, does…
By Prem Raja · 2 min read
Pound Sterling8 Nov 2020
Pound Sterling Forecast- Biden wins U.S Presidential Election
Well, that was one very LONG week! But after a few sleepless nights of watching CNN, we finally have a result on the Elections and Joe Biden and Kamala Harris will be the next President and Vice…
By Prem Raja · 3 min read
Pound Sterling18 Oct 2020
Boris Johnson threatens to walk away from Brexit talks (Again).
Another volatile week has passed, with plenty of updates on Brexit and new restrictions around the UK. To begin with, all eyes were on the EU Summit this week (Personally I am not sure why, we all…
By Prem Raja · 2 min read
Pound Sterling11 Oct 2020
Pound Sterling Forecast- Week Ahead
The last week definitely flew by quicker than usual... the risks we had last week are in some ways different to what is ahead of us now- President Trump is now out of hospital and back in the White…
By Prem Raja · 2 min read
Pound Sterling4 Oct 2020
Pound Sterling Exchange Rates Rise On Brexit Deal Hopes
It was nice to see Pound to Euro and Pound to Dollar exchange rates rise a little over the last week on the back of Brexit talks going a little better than expected. We closed on Friday with GBPEUR…
By Prem Raja · 2 min read
Pound Sterling27 Sept 2020
Sterling exchange rates continue to lose ground.
And just like that, another month is about to end and we are officially about to enter October- for a year where we couldn't do much, time definitely seems to have flown faster than usual! Last week…
By Prem Raja · 2 min read
Pound Sterling20 Sept 2020
Pound Sterling Exchange Rates In Dangerous Territory
A scary headline I know... But that is exactly where we are right now. Brexit has been our main headline so far in September, which, for a lack of a better word, absolutely decimated any gains that…
By Prem Raja · 2 min read
Pound Sterling13 Sept 2020
Brexit slams Sterling exchange rates.
Well, I guess the title says it all, doesn't it? I said last week that Brexit could add some volatility, and it looks like it went 10 steps further and grabbed the spotlight for the whole week…
By Prem Raja · 2 min read
Pound Sterling6 Sept 2020
Sterling exchange rates fall with the U.S stock market.
The euphoric rises in the markets were put to a halt on Thursday as risk appetite suddenly faltered; with Tech stocks leading the drop from Thursday into Friday. Now, in reality, the market had been…
By Prem Raja · 2 min read
Pound Sterling31 Aug 2020
What will Sterling exchange rates do in September?
And just like that; a new month is upon us. This year has gone both slow and fast at the same time. We are now out of the "Summer Markets" and preparing to go back into full swing. Most traders will…
By Prem Raja · 3 min read
Pound Sterling16 Aug 2020
Sterling exchange rates remain resilient following Negative GDP Figures.
According to the news wires, it was a pretty eventful week, but looking at the exchange rates, there wasn't much movement at all. The main headline I am sure we all saw this week was the fact that…
By Prem Raja · 3 min read
Pound Sterling9 Aug 2020
Sterling exchange rates end the week lower- what are we expecting next?
Sterling exchange rates dipped a little by the end of the week following the Bank of England meeting- it seems that the BoE is not looking at cutting interest rates again until next year- this makes…
By Prem Raja · 3 min read
Pound Sterling26 Jul 2020
GBPUSD rises as GBPEUR tanks.
Last week we saw GBPEUR exchange rates decline to 1.0970 as the Euro caught a major bid throughout the week following the EU recovery fund news- we also saw EURUSD gain around 2% on the week, which…
By Prem Raja · 2 min read
Pound Sterling19 Jul 2020
Sterling continues to soften through uncertainty.
Last week we saw Sterling begin to weaken further- predominantly against the Euro as exchange rates entered the 1.09 area on Friday- this was mainly due to optimism about the EU recovery fund being…
By Prem Raja · 2 min read
Pound Sterling12 Jul 2020
Will Pound Sterling Exchange Rates Continue Rising?
Last week we saw Pound Sterling Exchange Rates continue to rally across the board, closing Friday at 1.1170 against the Euro and above 1.26 against the U.S Dollar. The main catalyst for this was the…
By Prem Raja · 3 min read
Pound Sterling5 Jul 2020
What's next for Sterling exchange rates? (Latest 2020-2021 forecast)
We had a relatively mixed week last week after Sterling pairs unexpectedly rose through the beginning of the week- there are a number of reasons why this could have been- the first and most important…
By Prem Raja · 3 min read
Pound Sterling28 Jun 2020
Sterling exchange rates this week.
Sterling saw it's 3rd week of declines by the end of the week as risks entered the market again- concerns about the U.S-China trade deal, coronavirus, and the UK trade deals with the EU & Japan got…
By Prem Raja · 2 min read
Pound Sterling21 Jun 2020
Sterling exchange rates back to underperforming.
What a week... After a good little spell for Sterling through early June, we finally started to see GBP exchange rates crumble under pressure. In one week, we have seen GBPUSD exchange rates drop…
By Prem Raja · 2 min read
Pound Sterling14 Jun 2020
Eventful week ahead for Sterling exchange rates.
We saw Pound to Dollar exchange rates rally last week up to 1.28 (Albeit was only for around 60 seconds) during the Fed meeting where it was announced that there were no further measures for now. My…
By Prem Raja · 2 min read
Pound Sterling31 May 2020
UK Economy begins phased reopening.
Last week was busy politically as UK PM Boris Johnson announced that the UK economy will begin reopening from June 1st, with other non-essential businesses opening June 15th. This has received some…
By Prem Raja · 2 min read
Pound Sterling24 May 2020
Sterling exchange rates remain steady as we await news from Government & BoE.
Sterling exchange rates were relatively stable last week- with Pound to Euro rates closing at the 1.11 area on Friday and Pound to Dollar exchange rates closing at 1.21- of course, these rates are a…
By Prem Raja · 2 min read
Pound Sterling17 May 2020
Brexit talks spark another sell-off in Sterling.
Pound to Euro rates had their worst week since the big pandemic sell-off in March- closing on Friday evening at lows of 1.1180, which was an over 2% drop. Against other currencies, Sterling fell…
By Prem Raja · 2 min read
Pound Sterling10 May 2020
The U.K to remain in lockdown until June at earliest.
On Sunday evening, PM Boris Johnson announced that, in short, the UK lockdown will remain until June at the earliest. Some industries (i.e construction) will be able to return to work immediately…
By Prem Raja · 2 min read
Pound Sterling3 May 2020
Pound Sterling Exchange Rates Vulnerable After Bearish End To The Week.
The Pound to Euro exchange rate fell to 1.1373 on Friday after reaching a weekly high of 1.15 the day before. We also saw the same with the Pound to Dollar exchange rate, reaching 1.26 on Thursday…
By Prem Raja · 1 min read
Pound Sterling26 Apr 2020
Sterling Exchange Rates Remain Steady Throughout Volatile Week.
Last week was extremely volatile, following big moves in equities- and shocking moves in oil futures prices which dragged the whole market down with it. The only winner last week was the U.S Dollar,…
By Prem Raja · 3 min read
Pound Sterling10 Apr 2020
How is Covid-19 affecting Sterling exchange rates?
Ever since coronavirus was labelled a global pandemic, it has unfortunately spread very fast around the world, but not just through people- through economies as well. A country’s currency is directly…
By Prem Raja · 2 min read
Pound Sterling4 Apr 2020
Sterling begins to lose momentum as Covid19 cases worsen in the UK.
Last week we saw GBPEUR hit a short term high of 1.1440- this partly due to traders buying the Pound aggressively over the last week- and also the fact that investors are unhappy with how the ECB is…
By Prem Raja · 1 min read
Pound Sterling22 Mar 2020
Sterling hits news lows as Covid-19 spreads across the UK.
Sterling lost a lot of ground over the last week against most major currencies- seeing lows of 1.14 against the U.S Dollar and 1.06 against the Euro. The Bank of England cut rates to 0.10% and…
By Prem Raja · 1 min read
Pound Sterling15 Mar 2020
Sterling exchange rates suffer worst weekly loss since October 2016.
I am sure you are all well aware that the markets have been in complete disarray over the last few weeks- with stocks, commodities and currencies all making massive moves in short periods of time.…
By Prem Raja · 2 min read
Pound Sterling1 Mar 2020
Sterling sees largest weekly loss since Oct 2016 flash crash.
Well, what a week it was for Sterling; We saw GBPEUR drop to 1.16 (From 1.20) and GBPUSD drop to 1.27 (From 1.30). There have been several reasons for the drop over the last week; the main ones being…
By Prem Raja · 1 min read
Pound Sterling23 Feb 2020
Sterling exchange rates dragged below key levels.
Sterling had a good start to last week- this was unfortunately short-lived as GBPEUR exchange rates fell to the 1.19 area and GBPUSD fell as low as 1.28. The reason for this was a mix of Brexit deal…
By Prem Raja · 1 min read
Pound Sterling17 Feb 2020
Sterling Finds Support As Week Begins
Last week the Pound was boosted by the resignation of Sajid Javid, and the choosing of his replacement- Rishi Sunak. The basis of this GBP strength is that Boris Johnson will now have more control…
By Prem Raja · 2 min read
Pound Sterling14 Feb 2020
Sterling Bounces
EUR EURUSD relentless offered tone continues, with a lot of traders and spec players getting severe FOMO and seeing some participation via downside structures being put in place. Still reluctant to…
By Prem Raja · 2 min read
Pound Sterling9 Feb 2020
What's next for Sterling exchange rates?
Last week, Sterling fell by around 1% across the board and was the worst-performing currency of the week following negative rhetoric surrounding the UK-EU trade deal expected to be done this year.…
By Prem Raja · 1 min read
Pound Sterling25 Jan 2020
Pound Sterling Exchange Rate Jumps On BoE Cut Hopes Diminishing
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…
By Prem Raja · 1 min read
Pound Sterling12 Jan 2020
Sterling Exchange Rates Find Support Following BoE & EU Comments.
Last week, the news was dominated by reports from the U.S and Iran, which meant that we saw more movement on commodities such as Oil, Gold & Silver. Sterling was fairly static over the week and…
By Prem Raja · 2 min read
Pound Sterling5 Jan 2020
Pound Sterling Report
Finally, now Christmas and New Year is out of the way, we can get back on to the markets and see what is ahead of us over the next few weeks! As we entered 2020, Sterling lost the majority of its…
By Prem Raja · 2 min read
Pound Sterling8 Dec 2019
Sterling hits highs prior to General Election this week.
Last week, the odds for a Conservative majority to be achieved rose above 70% (On Betfair), which was the catalyst for Sterling rising to 1.1850 against the Euro and 1.3150 against the U.S Dollar. It…
By Prem Raja · 3 min read
Pound Sterling1 Dec 2019
December 2019 Sterling Exchange Rate Outlook
The markets have been relatively volatile over the last few weeks due to the upcoming General Election- and with opinion polls coming out on a daily basis with different results- I thought now would…
By Prem Raja · 2 min read
Pound Sterling18 Nov 2019
Selling A Property In The USA?
As you may have seen, GBPUSD exchange rates have been slowly moving up from the lows of 1.22 in October, to currently trading just below the 1.30 area. To put this in context, A purchase of 200,000…
By Prem Raja · 1 min read
Pound Sterling17 Nov 2019
Sterling Exchange Rates Continue To Strengthen.
Sterling exchange rates have been a lot more positive over the last week with GBPEUR hitting 1.17 and GBPUSD crossing 1.29 . We did briefly see Sterling touch these levels at the end of October, but…
By Prem Raja · 1 min read
Pound Sterling10 Nov 2019
Markets remain focused on UK General Election
The Pound has been in a sideways range over the past week against the Euro, floating between the 1.1550-1.1620 range. I believe the reason for this is that the market has currently priced in a…
By Prem Raja · 2 min read
Pound Sterling26 Oct 2019
What's next for Sterling exchange rates?
It has been an eventful few months since Boris Johnson took over as Prime Minister- we have seen Sterling exchange rates fall by around 7-8% and then bounce back another 5% over the last month, both…
By Prem Raja · 2 min read
Pound Sterling22 Oct 2019
Sterling begins to lose gains after Government defeat.
Boris Johnson's hopes of getting his Brexit deal fast-tracked through Parliament were lost on Tuesday evening following a defeat in a vote for his Brexit timetable in Parliament. The Government won…
By Prem Raja · 1 min read
Pound Sterling13 Oct 2019
Sterling rises dramatically following positive Brexit news.
We had a great end to last week following reports that Brexit negotiations are going well and both the UK and EU see a route forward for a deal to be done by October 31st. Through Thursday and Friday…
By Prem Raja · 2 min read
Pound Sterling29 Sept 2019
Sterling falls as Brexit negotiations take headlines.
Political tensions in the UK have risen following the Supreme Court deeming Boris Johnson's prorogue of Parliament to be unlawful. Parliament immediately returned to the House of Commons following…
By Prem Raja · 2 min read
Pound Sterling21 Sept 2019
Sterling rises following positive Brexit headlines.
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…
By Prem Raja · 1 min read
Pound Sterling15 Sept 2019
Sterling continues to strengthen...For now.
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…
By Prem Raja · 2 min read
Pound Sterling6 Sept 2019
Sterling Strengthens Following Turbulent Week Of Politics.
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…
By Prem Raja · 1 min read
Pound Sterling1 Sept 2019
Fresh Volatility Ahead For Sterling Exchange Rates.
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…
By Prem Raja · 2 min read
Pound Sterling26 Aug 2019
Will Sterling Continue To Strengthen?
Over the past week, we have seen GBPEUR & GBPUSD begin to rise following positive comments after Boris Johnson's meetings with Macron & Merkel- in an interview on Sunday he stated that a better deal…
By Prem Raja · 1 min read
Pound Sterling11 Aug 2019
UK Economy Shrinks For the First Time Since 2012- GBPEUR goes to 1.06 and GBPUSD to 1.20
Unfortunately, it has been yet another bad week for the Pound- with GBPEUR going into the 1.06 area and GBPUSD hitting 1.20. This was largely due to the UK economy shrinking for the first time since…
By Prem Raja · 1 min read
Pound Sterling3 Aug 2019
Sterling continues to weaken due to Brexit Uncertainty.
The UK officially now has a new PM, and once Boris Johnson took the reigns, we initially saw Sterling gain around 1% across the board- these gains were short-lived as Boris followed up with setting…
By Prem Raja · 2 min read
Pound Sterling21 Jul 2019
Boris Johnson Set To Become UK PM
As last week concluded, we began to see Sterling strengthen against the Euro and the Dollar by around 1% which was positive for Sterling sellers. The reason for this is that Sterling had begun to…
By Prem Raja · 1 min read
Pound Sterling14 Jul 2019
What's next for Sterling exchange rates?
The last week was fairly quiet for Sterling exchange rates, with both GBPEUR and GBPUSD moving within a 1% range for the whole week. The main focus was on Fed Chair Powell pretty much confirming an…
By Prem Raja · 1 min read
Pound Sterling30 Jun 2019
Sterling continues to weaken for 8th week running.
For those of you trading Sterling, you would know that since Easter, we have seen a downtrend on the Pound against all majors, but mainly against the Euro. We are currently trading between…
By Prem Raja · 1 min read
Pound Sterling23 Jun 2019
Last round of Conservative Leadership Race- Boris VS Jeremy
It has been yet another volatile week for exchange rates with the Fed signalling a rate cut for July, the U.S being on the brink of another war, and Boris Johnson and Jeremy Hunt being the final…
By Prem Raja · 1 min read
Pound Sterling14 Jun 2019
Forecasts downgraded after worst weekly run in 2 years for GBPEUR
After six consecutive weeks of losses for the Pound, it is clear to everyone that investor confidence in the Pound is back to an all-time low. The last time we saw such losses was the last General…
By Prem Raja · 2 min read
Pound Sterling27 May 2019
Sterling at 3 month low following Theresa May's resignation announcement
I hope you all enjoyed your Bank Holiday! It seems politics is back at the wheel driving the markets following British PM Theresa May announcing her resignation in June. Investors saw this as a risk…
By Prem Raja · 2 min read
Pound Sterling19 May 2019
Volatility expected for Sterling
There have been several important political developments over the last 24 hours which have begun to impact Sterling in a big way. British PM, Theresa May has confirmed that she will announce her…
By Prem Raja · 1 min read
Pound Sterling13 Apr 2019
Focus back on economic data as Brexit deadline is extended until October.
The Pound has had a pretty steady week even though there has been some movement in regards to Brexit. There has been confirmation that the Brexit deadline has been extended to 31st October, whether…
By Prem Raja · 1 min read
Pound Sterling16 Mar 2019
Will we see further Sterling volatility this week?
The last week went pretty much as expected as far as politics is concerned, PM Theresa May's deal was rejected and MP's voted to file for an extension of Article 50- which could now mean more…
By Prem Raja · 1 min read
Pound Sterling10 Mar 2019
Sterling exchange rates volatile ahead of House of Commons votes.
Sterling rates have been trading at highs recently as fears of a "No Deal" Brexit have started to wither away- however as last week ended, it seemed that those same fears had returned to the market-…
By Prem Raja · 1 min read
Pound Sterling17 Feb 2019
Pound Sterling Exchange Rates Still Stable Following UK Government Defeat
Last week, UK PM, Theresa May suffered another defeat in the House of Commons- Brexit is still the main driver for the Pound at the moment and as March 29th keeps getting closer and closer- it seems…
By Prem Raja · 2 min read
Pound Sterling10 Feb 2019
Sterling volatility still centre of attention.
Sterling exchange rates have experienced a lot of volatility over the last week- the first part of volatility was due to BoE Governor Mark Carney making comments about the UK economic outlook, most…
By Prem Raja · 2 min read
Pound Sterling27 Jan 2019
GBPEUR hits highest level since 2017 & GBPUSD back above 1.31
From the headline, you would assume that all Brexit fears were non-existent and that there were plenty of positive factors underlying Sterling exchange rates currently- the reality is that neither is…
By Prem Raja · 2 min read
Pound Sterling20 Jan 2019
Sterling continues to rise through UK political turmoil.
Last week was potentially one of the biggest weeks in UK politics, with a historical defeat for Theresa May's deal, with a vote of no confidence the following day. With these results, the assumption…
By Prem Raja · 2 min read
Pound Sterling13 Jan 2019
What to expect from the Pound this week
I'm having Deja-vu, it feels like we've been in this exact same situation before! MP's will finally vote on Theresa May's deal on Tuesday 15th January (Which is also my birthday, so I am hoping for a…
By Prem Raja · 2 min read
Pound Sterling6 Jan 2019
What's next for Sterling exchange rates?
I hope you all had a wonderful festive period and new year- trading resumed last week but I thought I would leave it a week before I wrote my first report of 2019 as the first week is generally…
By Prem Raja · 2 min read
Pound Sterling16 Dec 2018
Brexit uncertainty keeps Pound weak.
Another confusing week on the markets- as nothing went to the Government's initial plan; Theresa May decided to cancel the House of Commons vote for her Brexit deal so she could go and get…
By Prem Raja · 1 min read
Pound Sterling8 Dec 2018
How will the Brexit vote this week affect exchange rates?
Sterling exchange rates have been extremely volatile over the last couple of weeks due to the upcoming House of Common's vote on the current proposed Brexit deal- the biggest problem for the Pound is…
By Prem Raja · 1 min read
Pound Sterling2 Dec 2018
Sterling Exchange Rates Still Fragile Into December
Sterling exchange rates have been extremely fragile over the last 2 weeks with a vote upcoming for The PM's latest Brexit deal- the reason why the Pound has been so weak is due to the fact that many…
By Prem Raja · 2 min read
Pound Sterling18 Nov 2018
Political turmoil weakens Sterling exchange rates.
Just over one week ago, the GBPEUR exchange rate had hit the best price in over a year with hopes that a new Brexit deal was ready to be done- these hopes were quickly broken following the PM's…
By Prem Raja · 1 min read
Pound Sterling11 Nov 2018
Sterling falls again as doubts on Brexit deal set in.
Last week was pretty strong for the Pound as we saw 1.15 break briefly against the Euro- this was due to reports coming from Parliament that a Brexit deal is "95% done" which had the market certain…
By Prem Raja · 2 min read
Pound Sterling4 Nov 2018
Will A Brexit Deal Be Done This Month?
I am sure by now we are all sick of these Brexit headlines, but unfortunately, until we have a resolution they will continue. The UK seems confident that a deal will happen this month- the only…
By Prem Raja · 1 min read
Pound Sterling28 Oct 2018
Sterling remains under pressure during Brexit negotiations.
We have seen Sterling exchange rates fall over the last couple of weeks from recent highs- falling to 1.12 against the Euro and 1.2790 against the U.S Dollar. It seems the only reason for this is…
By Prem Raja · 1 min read
Pound Sterling7 Oct 2018
Sterling rebounds as chances of a Brexit deal increase.
Pound Sterling exchange rates hit a 3 month high against the Euro last week following positive remarks from the UK & EU in regards to a potential Brexit deal and the Irish border. Jean-Claude Juncker…
By Prem Raja · 1 min read
Pound Sterling1 Oct 2018
Volatile time ahead for the Pound
The Pound held pretty steadily last week against the Euro & Dollar through the beginning of last week until the Federal Reserve put up interest rates and traders started selling off the Pound prior…
By The Currency Desk · 1 min read
Pound Sterling9 Sept 2018
Volatile Week Ahead For Sterling Exchange Rates
The last week was volatile for the Pound, especially due to comments made in regards to Brexit negotiations from Germany, basically saying that they were happy to "Simplify" talks to ensure a deal…
By The Currency Desk · 2 min read
Pound Sterling2 Sept 2018
GBP Exchange Rates Stronger Following Barnier Comments
Over the last week, we have finally had some positive news in regards to Brexit negotiations following comments from Michel Barnier stating that both the EU and the UK have every intention of trying…
By The Currency Desk · 1 min read
Pound Sterling29 Aug 2018
Sterling Exchange Rates Hit 2018 Lows
GBPEUR exchange rates are now at the lowest level that we have seen so far this year. As many of you may know, the GBPEUR rate has been on a downward trend since we hit 1.15 and hasn't found a low to…
By The Currency Desk · 1 min read
Pound Sterling24 May 2018
Will GBPEUR exchange rates bounce back this week?
The Pound has been on a downward trend ever since the last BoE rate decision, but surprisingly enough, much of the impact has been on GBPUSD exchange rates as opposed to the GBPEUR rate. The reason…
By The Currency Desk · 2 min read
Pound Sterling8 May 2018
Sterling Exchange Rates Continue To Weaken Leading Up To BoE Decision
I am sure that many of you have already noticed the Pound’s decline over the past couple of weeks ever since BoE Governor, Mark Carney signaled that an interest rate hike may not happen in May in the…
By The Currency Desk · 2 min read
Pound Sterling23 Apr 2018
Sterling Weakens Following BoE Governor Mark Carney’s Comments
Last week was going very well until UK data releases starting to show holes in the UK economy, if you read my previous article you would know we were already expecting lower retail sales figures due…
By The Currency Desk · 2 min read
Pound Sterling20 Apr 2018
Sterling Exchange Rates Weaken Further Following UK GDP Data
Following weak GDP Data in the UK, Sterling exchange rates began to fall further with GBPUSD exchange rates now below 1.39 and GBPEUR exchange rates now below 1.14. The reason why this has weakened…
By The Currency Desk · 1 min read
Pound Sterling16 Apr 2018
Will The Pound Continue To Remain Strong Through This Week?
The last week has been relatively positive for Sterling exchange rates, and many clients have been taking advantage of the current prices on GBPEUR & GBPUSD. On Monday morning we will see if there is…
By The Currency Desk · 2 min read
Pound Sterling3 Apr 2018
What Will Affect Sterling Exchange Rates In Q2?
As we step into Q2 of 2018, we have seen an extremely volatile Pound as Brexit negotiations have dictated how Sterling has moved over the last few months. It seems that now Europe and the UK have…
By The Currency Desk · 2 min read
Pound Sterling26 Mar 2018
Strong Week For Sterling Exchange Rates
The Pound had a very positive week following a transition deal being agreed for Brexit alongside strong wages data and a very bullish Bank of England statement. GBPEUR exchange rates hit 1.15 and…
By The Currency Desk · 1 min read
Pound Sterling19 Mar 2018
Volatile Week Ahead For Sterling Exchange Rates
The Pound has remained pretty steady against most major currencies over the last week, in anticipation of this coming week. To recap, so far in 2018 the Bank of England have signaled they may look to…
By The Currency Desk · 2 min read
Pound Sterling12 Mar 2018
Sterling Exchange Rates Still Steady As Brexit Talks Resume
Sterling exchange rates haven’t really moved higher since Theresa May’s speech- the reason for this is because the EU has made clear that they are happy to have a free trade deal, but this will not…
By The Currency Desk · 2 min read
Pound Sterling5 Mar 2018
Sterling Weaker Following Speech From Theresa May
The main event of last week was the highly anticipated speech from UK PM Theresa May where she was expected to speak about the plans for Brexit moving forward. Many believed that this would be…
By The Currency Desk · 2 min read
Pound Sterling19 Feb 2018
What's Next For Sterling Exchange Rates In February?
GBPUSD exchange rates have remained strong above 1.40, while the GBPEUR exchange rate has remained range bound between 1.12-1.13. Following weaker than expected Retail sales data from the UK on…
By The Currency Desk · 2 min read
Pound Sterling12 Feb 2018
Brexit Headlines Keep Sterling Exchange Rates Low
Last week the Pound seemed to be having a pretty positive week following the BoE interest rate decision where Mark Carney commented that an interest rate hike “sooner rather than later” will be on…
By The Currency Desk · 2 min read
Pound Sterling2 Feb 2018
Will The BoE Reverse The Current Strength In Sterling Exchange Rates?
Sterling exchange rates have remained pretty steady across the board over the last week, with great opportunities particularly with GBPEUR & GBPUSD exchange rates which I know many of you have…
By The Currency Desk · 2 min read
Pound Sterling18 May 2015
Greece deadline moved to June/July- Weekly Currency Forecast
Some of you may re call that I wrote an article last month about why the Greece deadline won't be until June/July and as of last week, this has started to come into fruition. It seems that Greece…
By Prem Raja · 3 min read
Pound Sterling10 May 2015
Tories win UK election- Sterling strengthens!
Thursday- Friday were an extremely busy 24 hours on the markets- exit polls on Thursday evening suggested that Conservative would swing the election, which caused the Pound to surge around 3% in 60…
By Prem Raja · 1 min read
Pound Sterling6 May 2015
How Will The UK Election Today Affect The Currency Markets?
The UK election is finally here, and with a busy few months of campaigning from the political parties we have seen just as much action on the currency markets! As you may or may not be aware, the…
By Prem Raja · 4 min read
Pound Sterling30 Apr 2015
GBPEUR exchange rate begins to fall & How will the UK elections affect exchange rates?
Sterling has remained pretty steady running up to the elections, until today; We have seen the GBPEUR exchange rate fall from 1.40 this week down to the 1.36 area in just 24 hours! To put this in…
By Prem Raja · 2 min read
Pound Sterling21 Apr 2015
Bank Of England Minutes, UK Retail Sales & Why The Real Deadline For Greece is July 20
So far we have had a pretty steady start to the week for GBP exchange rates- We have seen the U.S Dollar claw back some strength from last weeks weakness, and the Euro begin to weaken off slightly as…
By Prem Raja · 3 min read
Pound Sterling19 Apr 2015
GBPUSD Exchange hits 1.50 again; Greece Remains Defiant as Creditors Up Pressure for a Deal
After falling to a fresh five year low against the dollar on last week, the Pound managed to claw back some ground during Friday's session after the U.S. posted some weaker than forecast economic…
By Prem Raja · 2 min read
Pound Sterling12 Apr 2015
U.S hints rate hikes, UK Elections & Greek political uncertainty likely to persist
We have had another volatile week on the markets with the FOMC minutes from the U.S leaning towards a rate hike again, this strengthened the Dollar immediately against Sterling and the Euro and also…
By Prem Raja · 2 min read
Pound Sterling10 Mar 2015
GBPEUR ABOVE 1.40- EURUSD AT 1.07. GBPUSD AT 1.50
GBPEUR Hits new high of 1.40 So what's next? Today has been an absolutely monumental day on the markets; For the first time in 7 years we have seen the GBPEUR exchange rate above 1.40 . The first…
By Prem Raja · 3 min read
Pound Sterling8 Mar 2015
Interest rates in the U.S- GBPEUR approaching 1.40- EURUSD below 1.10
We have seen yet another eventful week on the markets, the first piece of big news that hit us this week was a statement from the Fed that the U.S will put up interest rates irrespective of their…
By Prem Raja · 2 min read
Pound Sterling1 Mar 2015
GBPEUR HIGHS- GREECE GAINS AN AGREEMENT- YELLEN- UK INTEREST RATES
First of all, what a week on the market we have seen! Apologies to my readers for not writing anything for the past week, however I was out of the country, and unable to write any reports! But let us…
By Prem Raja · 2 min read
Pound Sterling15 Feb 2015
GBPEUR at 7 year high- Greek Situation still not resolved- GBP inflation report- GBPAUD hits 2.00!
There is still a heap of uncertainty in the Euro zone at the moment due to the fact that there has been no solution in the current Greece debt situation. The finance minister has been meeting Euro…
By Prem Raja · 2 min read
Pound Sterling1 Feb 2015
GREECE TO STAY IN EUROPE? AUSTRALIA & NEW ZEALAND RATE CUTS
We saw the GBPEUR exchange fall from 1.34 down to 1.32 as this week ended; The initial push on the exchange rates was the results of the Greek election; However following this, the ECB confirmed that…
By Prem Raja · 1 min read
Pound Sterling25 Jan 2015
QE IN EUROPE- GREEK ELECTIONS, ALL TIME LOW ON EURUSD, GBPEUR AT 1.34, GBPUSD BELOW 1.50
Last week we saw a lot of volatility with the Euro due to the stimulus plan that was announced by Mario Draghi on Friday. The ECB confirmed that they will print 60 Billion Euros every month until…
By Prem Raja · 2 min read
Pound Sterling18 Jan 2015
ECB DECISION, SWISS FRANC, GBPEUR 6 YEAR HIGH, QE?
The market is still in a state of panic since the SNB decision last Thursday. For those of you who don’t know what happened; The Swiss National Bank decided to remove their capped exchange rate on…
By Prem Raja · 2 min read
Pound Sterling11 Jan 2015
GREEK ELECTIONS, EURUSD TO HIT PARITY, LOW OIL PRICES, GBPUSD TO HIT 1.40?
Last week was a very volatile week on the markets with GBPEUR hitting 1.28 again, GBPUSD being as low as 1.50, and EURUSD being as low as 1.17. At this stage it is important to know that expectations…
By Prem Raja · 2 min read
Pound Sterling6 Jan 2015
Forecast for this week- Non Farm Payrolls, BoE rate decision, Retail sales in Europe
The Euro has started to gain strength through today; We have seen the GBPEUR rates go from 1.2785 down to 1.2694 . So what’s next over the next few days? Wednesday 7th January German Retail Sales…
By Prem Raja · 2 min read
Pound Sterling4 Jan 2015
GBPEUR hits 1.29- EURUSD drops to 1.20- Uncertainty in Europe- Greek Elections
First of all, happy new year to all my readers! As some of you may have noticed, the markets haven’t taken a back seat during the Christmas period the volatility has been massive. The GBPEUR exchange…
By Prem Raja · 2 min read
Pound Sterling19 Aug 2014
Fall in UK inflation leads to Sterling weakness
This morning we saw the release of CPI (Inflation) data for the UK, the data showed a fall from 1.8% (Previous and expected) to 1.6%. Now for the general public, this isn't necessarily a bad thing,…
By Prem Raja · 1 min read
Pound Sterling3 Aug 2014
Eventful week on the markets
Last week was very eventful on the FX markets- we have seen the US Dollar gain momentum due to the additional Fed Tapering. This week should also be a busy one; so if you are looking to purchase your…
By Prem Raja · 1 min read
Pound Sterling6 Jul 2014
Is Sterling Due A Retracement?
Last week we saw GBPEUR rates go beyond 1.26 and GBPUSD rates nearly hit 1.72 - Both being massive highs for these currency pairs. The question on everyone's mind now is- How long will this last?…
By Prem Raja · 1 min read
Pound Sterling29 Jun 2014
Is the UK recovery real?
The U.K. economy is finally leaving behind the mire of the financial crisis. House prices hit a new record in May eclipsing the pre-crisis peak in October 2007. Unemployment has fallen to 6.8%,…
By Prem Raja · 1 min read
Pound Sterling27 Jun 2014
UK GDP FIGURES ARE OUT!
This morning UK GDP figures were released; On par QoQ at 0.8% however the year on year expectation has been revised down to 3.0%. On first look this may seem like this has come out weak for the UK,…
By Prem Raja · 1 min read
Pound Sterling19 Jun 2014
GBPUSD AT 1.70!
The Dollar has dropped against all the major currencies after the Federal Reserve Bank in America has stated that interest rates will remain at record low levels for a considerable time. The U.S.…
By Prem Raja · 1 min read
Pound Sterling15 Jun 2014
Weekly Forecast (15/06/2014)
After a busy week on the markets following the BoE's shock announcement about an interest rate rise; Sterling was given a significant boost past the 1.25 area against the Euro and above 1.69 against…
By Prem Raja · 2 min read
Pound Sterling12 Jun 2014
Interest rate rise could happen this year, Bank of England governor Mark Carney signals GBPEUR above 1.25 &GBPUSD above 1.69
There has just been a shock in the markets; In a key note speech an hour ago, Governor of BoE Mark Carney said that an interest rate rise "could happen sooner than markets currently expect". Previous…
By Prem Raja · 1 min read
Pound Sterling10 Jun 2014
Why won't the GBPEUR exchange rate break 1.24 & Will we see 1.70 on GBPUSD again this year?
Following the ECB's interest rate cut last week, most people were expecting a massive rise in the GBPEUR prices, but were shocked to see us down at the same levels as last week around an hour after…
By Prem Raja · 1 min read
Pound Sterling1 Jun 2014
What will the ECB do?
The first week of June is a key week for anyone purchasing or selling the Euro; Inflation is very low in Europe and it seems the ECB are running out of options in regards to how to stop this from…
By Prem Raja · 1 min read
Pound Sterling27 May 2014
Weekly Market Update
On Monday we had no key data, being a bank holiday the rates were quiet static. Today we have only the Consumer Confidence data from the US, which is expected to be strong from their economy as it is…
By Prem Raja · 1 min read
Pound Sterling23 May 2014
Sterling is at its strongest level since 2008!
THE pound rose to its highest level in five years yesterday after fresh evidence of economic recovery re-ignited the debate about when interest rates might rise. Sterling has risen by 11% in the last…
By Prem Raja · 1 min read
Pound Sterling21 May 2014
Sterling strength today following UK Retail sales!
As predicted on Monday (It's nice to be right!) Retail sales figures today came in extremely strong at 1.2% (Predicted to come in at 0.5%) So this exceeded expectations in a big way! Sterling is…
By Prem Raja · 1 min read
Pound Sterling19 May 2014
Market Update
There is no key economic data today that would affect the GBP against other major currencies, so we expect a stable market today as a whole; However on Tuesday we have German Producer Price Index…
By Prem Raja · 2 min read
Pound Sterling14 May 2014
UK Unemployment Rate Falls To 6.8%
The number of people out of work in the UK fell by 133,000 to a fresh 5 year low of 2.2 million in the three months to March. The unemployment rate now stands at 6.8%, with the number of people in…
By Prem Raja · 1 min read
Pound Sterling11 May 2014
Will Sterling continue it's recent strength?
Last week was very busy in terms of data on the FX markets; We started with a Bank of England interest rate and asset purchase facility decision, both remained unchanged, with the interest rate…
By Prem Raja · 2 min read
Pound Sterling5 May 2014
Weekly Forecast
After a relaxing bank holiday weekend; it's time to get back to the daily grind! Though it was a bank holiday in the UK today, there has been data releases from Europe & the U.S with Eurozone Sentix…
By Prem Raja · 2 min read
Pound Sterling29 Apr 2014
UK GDP FIGURES UP AT 0.8%
UK GDP figures have just been released at 0.8%; 0.1% lower than expected. Markets have already started reacting to this data with rates slightly lower this morning; GBPEUR- 1.2120 GBPUSD- 1.6797…
By Prem Raja · 1 min read
Pound Sterling27 Apr 2014
Weekly Outlook (28/04/15- 02/05/14)
GBP had an uneventful week and was practically unchanged. GBPUSD closed the week just shy of the 1.68 line. This week’s highlights are Preliminary GDP and Construction and Manufacturing PMIs. Here is…
By Prem Raja · 3 min read
Pound Sterling23 Apr 2014
UK economy picking up speed- But Sterling weakens...
It is with no doubt that Britain's economy is gaining momentum, but it seems BoE's policy makers held very different views when it came down to the inflation outlook and how long this momentum will…
By Prem Raja · 1 min read
Pound Sterling21 Apr 2014
Busy week this week for the Pound!
After a nice relaxing bank holiday weekend; there will be no easing into things from tomorrow morning; Sterling has been going from strength to strength over the past 2 weeks, but how long will it…
By Prem Raja · 2 min read
Frequently asked
About Pound Sterling
What drives the Pound Sterling?+
GBP is driven primarily by Bank of England interest-rate expectations, UK inflation and wage data, gilt yields relative to US Treasuries and Bunds, and UK political risk. Global risk sentiment matters too — the Pound tends to weaken when equities sell off.
Is the Pound expected to rise or fall?+
The direction of GBP depends on how the Bank of England's rate path compares with the Federal Reserve and ECB. When markets expect the BoE to cut more slowly than peers, Sterling typically strengthens against the Dollar and Euro.
What is a good GBP/USD or GBP/EUR rate?+
There is no absolute 'good' rate — it depends on the multi-year range. Historically, GBP/USD above 1.30 and GBP/EUR above 1.18 have been considered strong. Live rates and 90-day charts are on our tools page.
How often is Pound Sterling analysis published?+
The Currency Desk publishes weekly analysis on GBP, plus additional briefings around major events such as Bank of England meetings, UK CPI releases and Budget days.