by Christopher Nye | Mar 11, 2020
The dollar recovered against a basket of currencies yesterday on hopes that the White House will announce a spending package to mitigate the risks of coronavirus. Donald Trump said that they are prepared to take “major” steps to boost the US economy. He held a news...
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by Christopher Nye | Mar 11, 2020
The euro is weaker against the pound this morning, as sterling is making a quick recovery after the Bank of England decided to carry out an emergency interest rate cut to mitigate the risks of coronavirus. Worries of disruption to the Italian economy have heightened...
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by Christopher Nye | Mar 11, 2020
Sterling is recovering against the euro this morning after the Bank of England carried out an emergency interest rate cut, slashing rates by 50 basis points to 0.25%. The Bank has said, “the reduction in Bank Rate will help to support business and consumer...
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by Christopher Nye | Mar 11, 2020
The Bank of England made an emergency interest rate cut this morning – the first in over a decade. This comes ahead of Rishi Sunak’s first budget being announced this afternoon. He is expected to introduce a major increase in borrowing and more spending on...
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by Christopher Nye | Mar 11, 2020
Writing about currencies every day, as we do at Smart, you might expect that we have some idea of what might happen to exchange rates. Today is one of those days where none of us can have any confidence in where exchange rates will go, with the same action potentially...
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