by Christopher Nye | Mar 13, 2020
Worries over the disruption of coronavirus to the economy continue to impact the pound, which reached a five-month low against the euro and dollar yesterday. The UK has moved to the ‘delay’ phase of its strategy to deal with the spread of the virus. Meanwhile, the...
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by Christopher Nye | Mar 12, 2020
The dollar continued to suffer yesterday and is still weak this morning, as President Trump’s plans to mitigate the risks of coronavirus disappointed the markets. The plans involve a travel ban from European mainland countries and economic steps to counter the...
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by Christopher Nye | Mar 12, 2020
The euro stronger against the pound this morning, as it continues to benefit from its status as a ‘funding currency’ amidst the coronavirus outbreak. Today, the markets are awaiting the ECB’s interest rate decision, with Italy under quarantine and signs of...
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by Christopher Nye | Mar 12, 2020
The pound is weak against the euro this morning on news that the US has enforced a 30 day travel ban on all flights from mainland Europe. Sterling also weakened as Italy announced the closure of all businesses, apart from supermarkets and pharmacies. After initially...
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by Christopher Nye | Mar 12, 2020
The pound is weak against the euro this morning, despite regaining ground after yesterday’s emergency rate cut by the Bank of England. In Rishi Sunak’s first budget, he announced £12 billion in extra spending to help combat the economic impact of coronavirus, as part...
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