After weakening against the euro at the beginning of the week, sterling hit a 6-month low against the dollar yesterday. However, it did recover slightly after the Prime Minister and the Chancellor revealed more measures to boost the…
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After a brief uplift in the morning, the dollar was choppy against the pound yesterday. Any fall, however, was tempered by its safe haven status, which means the greenback is attractive in times of crisis.
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The euro was strong against the pound yesterday, as the single currency is seen as a safer haven than sterling. This was prompted by the Federal Reserve’s decision to make a second emergency cut to interest rates.
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The pound hit a 6-month low against the euro yesterday as the markets digested a second emergency rate cut from the Federal Reserve. Today, sterling is weak as the expectation for new quantitative easing measures has grown. It's also…
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Sterling weakened to a 6-month low against the euro yesterday as coronavirus worries continue. In his first daily press conference yesterday, the Prime Minister advised everyone to avoid social contact and non-essential travel. The pound remains weak this…
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The Federal Reserve made another emergency interest rate cut yesterday, causing the dollar to weaken. Rates have now been cut to zero in order to support the economy during this coronavirus pandemic, with the Fed saying that it…
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The euro has started the week slightly up against the pound after a tumultuous few days. As coronavirus cases grew throughout the European Union, and Italy extended its ‘red zone’ to include the entire country, the ECB announced…
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The pound weakened to 5-month lows on Friday, suffering from a week of coronavirus related news, including an emergency interest rate cut from the Bank of England. However, sterling is stronger against the dollar this morning as the…
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