by Christopher Nye | Mar 13, 2020
The dollar was strong across the board yesterday, benefitting from its safe haven status due to coronavirus fears. It rallied after the ECB announced that they’ll leave interest rates unchanged, however, it looks to be slightly softer this morning. Meanwhile, the top...
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by Christopher Nye | Mar 13, 2020
The ECB decided to keep interest rates on hold yesterday, despite market expectations of a ten-point cut on the deposit rate. Christine Lagarde announced as a stimulus package, expanding its asset purchase programme by €120 billion. Observers pointed to the difference...
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by Christopher Nye | Mar 13, 2020
Sterling weakened to five-month lows against both the euro and dollar yesterday, as coronavirus fears took hold. The dollar dominated the market due to its safe haven status. The pound looks to be making some recovery this morning, however, as the markets begin to...
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by Christopher Nye | Mar 13, 2020
Worries over the disruption of coronavirus to the economy continue to impact the pound, which reached a five-month low against the euro and dollar yesterday. The UK has moved to the ‘delay’ phase of its strategy to deal with the spread of the virus. Meanwhile, the...
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by Christopher Nye | Mar 12, 2020
The dollar continued to suffer yesterday and is still weak this morning, as President Trump’s plans to mitigate the risks of coronavirus disappointed the markets. The plans involve a travel ban from European mainland countries and economic steps to counter the...
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