Author of https://nitter.gq/t.co/UJVngUPPw7 Head of Private Division @ Currencies 4 You. RT is not an endorsement. Opinions are my own.
Joined April 2014
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Prem Raja FX retweeted
⚠️ Pound gives its verdict on Tory leadership race. Sunak good. Johnson bad. Another $GBP short squeeze on the cards tomorrow as risks of another Boris term gets priced out. Positioning is a lot cleaner though so any rally might be short-lived
Prem Raja FX retweeted
If a new Chancellor is appointed today, it'll be the fourth person to hold that office in the last 101 days.
Political stability well and truly gone...
Prem Raja FX retweeted
⚠️ Strong chance dip buyers emerge for $GBP this week. Markets are pricing in a BoP / fiscal crisis narrative already on the back of Truss. But sensible govt policy that eases stagflation crisis + reduces the need for sharp BoE hikes + lowers deep recession risks = good for pound
Prem Raja FX retweeted
BREAKING: Results of the confidence vote in Boris Johnson.
Confidence 211
No Confidence 148
A worse result than Theresa May suffered.
Prem Raja FX retweeted
Even after the PMIs, markets are pricing in a 60bp rise in Bank Rate by August, implying near certainty that the MPC will hike by 25bp at its next two meetings, and a small chance of a monster 50bp hike. The risk now surely is the MPC bottles it at one of those meetings.
Prem Raja FX retweeted
The PMI's collapse in May brings it closer to levels seen when the MPC has cut Bank Rate than hiked it before. The resilience of the price and employment balances likely will persuade the MPC to hike again in Jun or Aug, but the rapid hikes envisaged by markets now are v unlikely
Prem Raja FX retweeted
NEW: Boris Johnson announces target for everybody eligible to be offered a booster by the end of January, working down the age cohorts five years at a time.
Prem Raja FX retweeted
#Euro drops >1 Cent vs US Dollar on hawkish comment from Fed's Powell about the potential acceleration in tapering. Powell says price pressures have moved beyond Covid trigger. Powell says it is appropriate to consider wrapping up tapering a few months sooner.
Prem Raja FX retweeted
Robert Kiyosaki is currently drafting a tweet about a massive, imminent market crash that will happen in November
Prem Raja FX retweeted
USER REPORTS INDICATE INSTAGRAM IS HAVING PROBLEMS - DOWNDETECTOR
USER REPORTS INDICATE FACEBOOK MESSENGER IS HAVING PROBLEMS - DOWNDETECTOR
USER REPORTS INDICATE WHATSAPP IS HAVING PROBLEMS- DOWNDETECTOR
Prem Raja FX retweeted
*THREE MORE U.K. ENERGY SUPPLIERS GO OUT OF BUSINESS: REGULATOR
*U.K. TO DEPLOY RESERVE TANKER FLEET TODAY TO EASE FUEL CRISIS
Prem Raja FX retweeted
"out of 30 sell-side analyst previews, none expect the Fed to make a formal taper announcement at September's meeting" - this is a given. The risk is largely centred on the pace of tapering (if discussed) and the dot plot.
Prem Raja FX retweeted
Face masks and working from home again if #coronavirus figures make it necessary, Sajid Javid tells Commons
