by Christopher Nye | Mar 10, 2020
The pound fell to a five-month low against the euro yesterday as markets tumbled due to coronavirus fears. This morning, sterling has made some recovery against the euro and is weaker against the dollar. Markets are pricing in a rate cut of nearly 50 basis points from...
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by Christopher Nye | Mar 10, 2020
Worries over the impact of coronavirus on the UK and global economy pushed the pound down to a five-month low against the euro yesterday. Although the same fears are circulating in the Eurozone, the euro is currently being helped as it is a ‘funding currency’...
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by Christopher Nye | Mar 9, 2020
The pound took an early dive against the euro this morning to its lowest point since October last year, but recovered very quickly. Traditionally we call this sort of market “choppy”, with short, sharp movements. Looking objectively, it may seem...
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by Christopher Nye | Mar 9, 2020
Fears over coronavirus have pushed the pound and dollar down against the euro, with the single currency ending last week strong against both currencies. The eurozone was hit earlier by fears over the virus than the UK, which is potentially helping it to keep a...
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by Christopher Nye | Mar 9, 2020
The pound finished the week strong against the dollar and weaker against the euro, due to the strength of the single currency. Sterling was still benefitting from the Bank of England’s cautious approach to rate cuts and a “constructive” start to UK-EU trade talks....
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