by Christopher Nye | Mar 11, 2020
Sterling is recovering against the euro this morning after the Bank of England carried out an emergency interest rate cut, slashing rates by 50 basis points to 0.25%. The Bank has said, “the reduction in Bank Rate will help to support business and consumer...
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by Christopher Nye | Mar 11, 2020
The Bank of England made an emergency interest rate cut this morning – the first in over a decade. This comes ahead of Rishi Sunak’s first budget being announced this afternoon. He is expected to introduce a major increase in borrowing and more spending on...
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by Christopher Nye | Mar 11, 2020
Writing about currencies every day, as we do at Smart, you might expect that we have some idea of what might happen to exchange rates. Today is one of those days where none of us can have any confidence in where exchange rates will go, with the same action potentially...
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by Christopher Nye | Mar 10, 2020
The dollar weakened across the board early yesterday as oil prices slumped and treasury yields hit a record low on what has already been coined ‘Black Monday’. This was to do with both coronavirus fears and the news that Saudi Arabia slashed oil selling prices in a...
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by Christopher Nye | Mar 10, 2020
Euro hit an almost-five-month high again sterling yesterday, with the latter put under pressure from coronavirus fears. However, the eurozone is not immune to the same fears, with 16 million people under lockdown in Northern Italy, That said, euro benefits from stocks...
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