by Christopher Nye | Mar 17, 2020
After weakening against the euro at the beginning of the week, sterling hit a 6-month low against the dollar yesterday. However, it did recover slightly after the Prime Minister and the Chancellor revealed more measures to boost the UK economy. The euro also suffered...
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by Christopher Nye | Mar 16, 2020
After a brief uplift in the morning, the dollar was choppy against the pound yesterday. Any fall, however, was tempered by its safe haven status, which means the greenback is attractive in times of crisis. The interest rate cut from the Federal Reserve weakened the...
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by Christopher Nye | Mar 16, 2020
The euro was strong against the pound yesterday, as the single currency is seen as a safer haven than sterling. This was prompted by the Federal Reserve’s decision to make a second emergency cut to interest rates. The EU internal market Commissioner, Thierry Breton,...
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by Christopher Nye | Mar 16, 2020
The pound hit a 6-month low against the euro yesterday as the markets digested a second emergency rate cut from the Federal Reserve. Today, sterling is weak as the expectation for new quantitative easing measures has grown. It’s also thought that the Bank could...
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by Christopher Nye | Mar 16, 2020
Sterling weakened to a 6-month low against the euro yesterday as coronavirus worries continue. In his first daily press conference, the Prime Minister advised everyone to avoid social contact and non-essential travel. The pound remains weak this morning on rising...
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