by Christopher Nye | Mar 16, 2020
The pound is down against the euro, after a week of heightened worries over the disruption of coronavirus. The Bank of England introduced an emergency rate cut of 0.5%, while the ECB, with hands largely tied on rates, announced a boost to its stimulus programme. The...
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by Christopher Nye | Mar 16, 2020
The pound has weakened by around 5% over the past week against the euro and by more than 10% over the past month. So far this morning sterling bounced back a little, but this turned out to be a “dead cat bounce” (a so-called technical term courtesy of the City!) as it...
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by Christopher Nye | Mar 13, 2020
The dollar was strong across the board yesterday, benefitting from its safe haven status due to coronavirus fears. It rallied after the ECB announced that they’ll leave interest rates unchanged, however, it looks to be slightly softer this morning. Meanwhile, the top...
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by Christopher Nye | Mar 13, 2020
The ECB decided to keep interest rates on hold yesterday, despite market expectations of a ten-point cut on the deposit rate. Christine Lagarde announced as a stimulus package, expanding its asset purchase programme by €120 billion. Observers pointed to the difference...
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by Christopher Nye | Mar 13, 2020
Sterling weakened to five-month lows against both the euro and dollar yesterday, as coronavirus fears took hold. The dollar dominated the market due to its safe haven status. The pound looks to be making some recovery this morning, however, as the markets begin to...
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