Euro hit an almost-five-month high again sterling yesterday, with the latter put under pressure from coronavirus fears. However, the eurozone is not immune to the same fears, with 16 million people under lockdown in Northern Italy, That said,…
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The pound fell to a five-month low against the euro yesterday as markets tumbled due to coronavirus fears. This morning, sterling has made some recovery against the euro and is weaker against the dollar.
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Worries over the impact of coronavirus on the UK and global economy pushed the pound down to a five-month low against the euro yesterday. Although the same fears are circulating in the Eurozone, the euro is currently being…
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The pound took an early dive against the euro this morning to its lowest point since October last year, but recovered very quickly. Traditionally we call this sort of market “choppy”, with short, sharp movements. Looking objectively, it…
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Fears over coronavirus have pushed the pound and dollar down against the euro, with the single currency ending last week strong against both currencies. The eurozone was hit earlier by fears over the virus than the UK, which…
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The pound finished the week strong against the dollar and weaker against the euro, due to the strength of the single currency. Sterling was still benefitting from the Bank of England’s cautious approach to rate cuts and a…
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Coronavirus dominated the headlines last week, pushing both the pound and the dollar down against the euro. The pound did, however, finish the week up against the dollar, despite positive data releases from the US. This morning, the…
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The dollar weakened against a basket of currencies on Friday due to a sharp drop in US government bond yields due to coronavirus worries. Non-Farm Payrolls beat expectations by a mile, coming in at 273,000, the same as…
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