by Christopher Nye | Mar 6, 2020
The pound remained strong against the euro and the dollar yesterday and is still strong this morning. Its recovery began when the incoming BoE Governor, Andrew Bailey, hinted that they won’t be rushing into a coronavirus related interest rate cut. Sterling was further...
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by Christopher Nye | Mar 5, 2020
After weakening due to the Federal Reserve cut interest rates on Tuesday, yesterday the dollar regained its strength. Fears that other central banks could follow suit and cut interest rates took hold. However, the greenback is slightly weaker this morning on news that...
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by Christopher Nye | Mar 5, 2020
It was a positive start to the day for the eurozone yesterday, as Italian GDP came in better than expected, narrowly missing the expected stagnation point of 0% growth. Eurozone services and composite PMI also came in at or close to expectations. Coronavirus fears...
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by Christopher Nye | Mar 5, 2020
The pound is stronger against the euro and the dollar this morning as there wasn’t an interest rate cut from the Bank of England yesterday, as some had feared. Incoming Bank of England Governor, Andrew Bailey, said that any measures made by the Bank would be done in...
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by Christopher Nye | Mar 5, 2020
The pound regained some of its strength against the euro and dollar yesterday, as any indication of a rate cut from the Bank of England, as some had feared, did not materialise. Nonetheless, there is still uncertainty over whether there will be a rate cut at the end...
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