by Christopher Nye | Mar 20, 2020
It was a mixed day for the euro yesterday, with the single currency closing down against the pound. However, it is strong against the dollar this morning. German business climate figures came in below forecasts, although European construction output year-on-year...
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by Christopher Nye | Mar 20, 2020
The pound strengthened against both the euro and dollar yesterday, and is still strong this morning after the Bank of England made a second emergency cut to interest rates. As expected, the Bank also announced that it would be boosting its quantitative easing...
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by Christopher Nye | Mar 20, 2020
The Bank of England has made a second emergency interest rate cut to 0.1%, its lowest ever. Following the cut and suggestion of yet further stimulus measures to come, the pound saw an uptick against the euro and dollar. Euro had a mixed day amid a backdrop of travel...
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by Christopher Nye | Mar 18, 2020
The dollar continued to perform strongly across the board yesterday, hitting multi-year highs against a range of currencies. The greenback is benefitting from its safe haven status during this time of crisis. Treasury Secretary, Steven Mnuchin, warned senators that...
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by Christopher Nye | Mar 18, 2020
The euro was weak yesterday against the dollar but stronger against the pound, after the ECB reassured markets that it would back Italy’s government by intervening in Italian debt markets via Italy’s central bank. ECB board member, Isabel Schnabel, said yesterday that...
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