The pound is down against the euro, after a week of heightened worries over the disruption of coronavirus. The Bank of England introduced an emergency rate cut of 0.5%, while the ECB, with hands largely tied on rates,…
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The pound has weakened by around 5% over the past week against the euro and by more than 10% over the past month. So far this morning sterling bounced back a little, but this turned out to be…
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The dollar was strong across the board yesterday, benefitting from its safe haven status due to coronavirus fears. It rallied after the ECB announced that they’ll leave interest rates unchanged, however, it looks to be slightly softer this…
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The ECB decided to keep interest rates on hold yesterday, despite market expectations of a ten-point cut on the deposit rate. Christine Lagarde announced as a stimulus package, expanding its asset purchase programme by €120 billion. Observers pointed…
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Sterling weakened to five-month lows against both the euro and dollar yesterday, as coronavirus fears took hold. The dollar dominated the market due to its safe haven status. The pound looks to be making some recovery this morning,…
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Worries over the disruption of coronavirus to the economy continue to impact the pound, which reached a five-month low against the euro and dollar yesterday. The UK has moved to the ‘delay’ phase of its strategy to deal…
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The dollar continued to suffer yesterday and is still weak this morning, as President Trump's plans to mitigate the risks of coronavirus disappointed the markets. The plans involve a travel ban from European mainland countries and economic steps to…
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The euro stronger against the pound this morning, as it continues to benefit from its status as a 'funding currency' amidst the coronavirus outbreak. Today, the markets are awaiting the ECB’s interest rate decision, with Italy under quarantine…
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