by Christopher Nye | Mar 16, 2020
The pound hit a 6-month low against the euro yesterday as the markets digested a second emergency rate cut from the Federal Reserve. Today, sterling is weak as the expectation for new quantitative easing measures has grown. It’s also thought that the Bank could...
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by Christopher Nye | Mar 16, 2020
Sterling weakened to a 6-month low against the euro yesterday as coronavirus worries continue. In his first daily press conference, the Prime Minister advised everyone to avoid social contact and non-essential travel. The pound remains weak this morning on rising...
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by Christopher Nye | Mar 16, 2020
The Federal Reserve made another emergency interest rate cut yesterday, causing the dollar to weaken. Rates have now been cut to zero in order to support the economy during this coronavirus pandemic, with the Fed saying that it is “prepared to use its full range...
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by Christopher Nye | Mar 16, 2020
The euro has started the week slightly up against the pound after a tumultuous few days. As coronavirus cases grew throughout the European Union, and Italy extended its ‘red zone’ to include the entire country, the ECB announced billions of euros’ worth of additional...
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by Christopher Nye | Mar 16, 2020
The pound weakened to 5-month lows on Friday, suffering from a week of coronavirus related news, including an emergency interest rate cut from the Bank of England. However, sterling is stronger against the dollar this morning as the greenback is suffering due to an...
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