by Christopher Nye | Mar 4, 2020
The pound strengthened against the euro and the dollar yesterday, however, it was still near recent lows due to trade talk and coronavirus worries. Sterling is weaker this morning. Expectations have grown for the Bank of England to cut interest rates in March to...
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by Christopher Nye | Mar 4, 2020
Coronavirus fears have continued to weigh on the markets, with the US’s Federal Reserve announcing an emergency interest rate cut for the first time since the financial crisis and on the back of three scheduled cuts in 2019. The pound saw a slight recovery of its...
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by Christopher Nye | Mar 3, 2020
The dollar was weak against a basket of currencies yesterday as coronavirus prompted further concern about an interest rate cut from the Federal Reserve. This follows Jerome Powell’s statement that the Fed would ‘act as appropriate’. The markets have now priced in a...
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by Christopher Nye | Mar 3, 2020
The euro hit a four-month high against the pound yesterday as trade talks got underway and fears of coronavirus in the UK grew. France’s Europe Minister Amélie de Montchalin told Andrew Marr on the weekend that the trade talks could be a ‘very nasty battle’ if the...
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by Christopher Nye | Mar 3, 2020
The pound remained under pressure yesterday, dropping to a four-month low against the euro due to coronavirus fears and expectations of turbulent UK-EU trade negotiations. Sterling has recovered slightly this morning, however, risks remain. Market expectations of an...
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