by Christopher Nye | Mar 18, 2020
The euro was weak yesterday against the dollar but stronger against the pound, after the ECB reassured markets that it would back Italy’s government by intervening in Italian debt markets via Italy’s central bank. ECB board member, Isabel Schnabel, said yesterday that...
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by Christopher Nye | Mar 18, 2020
The pound weakened to its lowest level against the dollar since 1985 yesterday and was also weak against the euro. New Bank of England Governor, Andrew Bailey, has said that the Bank is watching sterling very closely and added that there is no “single story” to the...
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by Christopher Nye | Mar 18, 2020
The pound weakened to a 35 year low against the dollar and to its weakest level against the euro since 2009. New Bank of England Governor, Andrew Bailey, said that there is no “single story” to sterling’s decline. The EU has now imposed a 30-day travel ban to mitigate...
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by Christopher Nye | Mar 18, 2020
After two weeks of relentless falls it was heartening to see the pound ending Tuesday more or less where it began the day. It’s certainly a good time to be changing money back to sterling, with the best rate since last August. You may have seen a message doing...
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by Christopher Nye | Mar 17, 2020
The dollar strengthened against the pound yesterday, benefitting from sterling weakness and its safe haven appeal. The latest greenback strength has been reinforced by funding market distress. US retail sales came in yesterday, dropping 0.5% from a month earlier in...
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