The pound is weak against the euro this morning on news that the US has enforced a 30 day travel ban on all flights from mainland Europe. Sterling also weakened as Italy announced the closure of all businesses,…
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The pound is up against the euro this morning, regaining ground after yesterday’s emergency rate cut by the Bank of England. In Rishi Sunak’s first budget, he announced £12 billion in extra spending to help combat the economic…
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The dollar recovered against a basket of currencies yesterday on hopes that the White House will announce a spending package to mitigate the risks of coronavirus. Donald Trump said that they are prepared to take “major” steps to…
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The euro is weaker against the pound this morning, as sterling is making a quick recovery after the Bank of England decided to carry out an emergency interest rate cut to mitigate the risks of coronavirus.
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Sterling is recovering against the euro this morning after the Bank of England carried out an emergency interest rate cut, slashing rates by 50 basis points to 0.25%. The Bank has said, "the reduction in Bank Rate will…
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The Bank of England made an emergency interest rate cut this morning - the first in over a decade. This comes ahead of Rishi Sunak’s first budget being announced this afternoon. He is expected to introduce a major…
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Writing about currencies every day, as we do at Smart, you might expect that we have some idea of what might happen to exchange rates. Today is one of those days where none of us can have any…
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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…
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