The pound strengthened against the dollar and the euro yesterday after the Bank of England held its official meeting. The Bank said it was prepared to take further action to limit the economic damage from the coronavirus outbreak.…
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The pound was given a small but much-needed boost yesterday and is still stronger this morning. The Bank of England affirmed that they would be willing to take further action to limit the economic fallout from the coronavirus…
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A new stimulus package agreed by the Senate and the White House is now due to pass through Congress, and the dollar has weakened slightly on hopes that this will bring stability. This morning, we'll see a series…
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Euro is stable this morning, despite concerns over the impact on the eurozone economy. German business climate figures came in at their lowest level since 2009 yesterday and consumer confidence today fell to a six-year low.
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After strengthening earlier in the day, the pound was weaker against the euro and the dollar yesterday afternoon. Having taken comfort in the fact that the Bank of England released stimulus measures to mitigate the impact of coronavirus,…
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The UK Parliament has passed its emergency laws on coronavirus, giving the government temporary emergency powers to deal with the crisis. Following this, Parliament went into recess, expected to return on 21st April. In the Eurozone, the economic…
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New measures announced by the Federal Reserve to mitigate the impact of coronavirus have eased dollar demand, causing the greenback to weaken slightly against a range of currencies, including the pound and euro. US PMI data was released…
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Euro is down against the pound after a choppy few days. Service data for France, German and the Eurozone all came in well below expectations, showing the fastest decline in activity since records began. While a significant drop…
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