by Christopher Nye | Mar 30, 2020
The pound rallied against the euro and dollar, hitting the best week against the latter since 2009. Nonetheless, it remains vulnerable to further coronavirus developments and is slightly weaker this morning. There are a number of key data releases from the UK and...
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by Christopher Nye | Mar 30, 2020
The recovery in the pound at the end of last week took the markets by surprise. Over the past three weeks the pound has weakened by around 10 to 15% against both EUR and USD, but then gained at least half of that back. This is despite the UK’s credit rating...
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by Christopher Nye | Mar 27, 2020
The dollar remained weaker against the euro and the pound yesterday. The markets have stabilised slightly, partly due to a new stimulus package from the Federal Reserve. Federal Reserve Chairman, Jerome Powell, said the central bank will not run out of ammunition....
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by Christopher Nye | Mar 27, 2020
The ECB’s economic bulletin, released yesterday, warns of a ‘worsening outlook’ for the global economy as the coronavirus pandemic disrupts supply chains and economy activity. The Bank expects recovery this year to ‘gain only modest traction’. Predictions now point to...
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by Christopher Nye | Mar 27, 2020
The pound strengthened against the dollar and the euro yesterday after the Bank of England held its official meeting. The Bank said it was prepared to take further action to limit the economic damage from the coronavirus outbreak. Sterling is still strong this morning...
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