by Christopher Nye | Mar 10, 2020
The dollar weakened across the board early yesterday as oil prices slumped and treasury yields hit a record low on what has already been coined ‘Black Monday’. This was to do with both coronavirus fears and the news that Saudi Arabia slashed oil selling prices in a...
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by Christopher Nye | Mar 10, 2020
Euro hit an almost-five-month high again sterling yesterday, with the latter put under pressure from coronavirus fears. However, the eurozone is not immune to the same fears, with 16 million people under lockdown in Northern Italy, That said, euro benefits from stocks...
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by Christopher Nye | Mar 10, 2020
The pound fell to a five-month low against the euro yesterday as markets tumbled due to coronavirus fears. This morning, sterling has made some recovery against the euro and is weaker against the dollar. Markets are pricing in a rate cut of nearly 50 basis points from...
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by Christopher Nye | Mar 10, 2020
Worries over the impact of coronavirus on the UK and global economy pushed the pound down to a five-month low against the euro yesterday. Although the same fears are circulating in the Eurozone, the euro is currently being helped as it is a ‘funding currency’...
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by Christopher Nye | Mar 9, 2020
The pound took an early dive against the euro this morning to its lowest point since October last year, but recovered very quickly. Traditionally we call this sort of market “choppy”, with short, sharp movements. Looking objectively, it may seem...
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