The one thing most of us know about viruses is that they mutate, and seeing the way that the coronavirus has mutated into our financial world has been awe-inspiring. Financial and currency analysts spend vast amounts of time…
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Yesterday, the Federal Reserve took the decision to make an emergency interest rate cut to combat coronavirus risks, the first since the financial crisis of 2008. In a swift, unscheduled response, rates were cut by half a percentage…
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The euro is still stronger against the pound today, despite inflation shown to have dropped yesterday as coronavirus disruption to suppliers caused energy prices to grow more slowly than expected – a reversal of the uptick since the…
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The pound strengthened against the euro and the dollar yesterday, however, it was still near recent lows due to trade talk and coronavirus worries. Sterling is weaker this morning. Expectations have grown for the Bank of England to…
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Coronavirus fears have continued to weigh on the markets, with the US’s Federal Reserve announcing an unscheduled interest rate cut for the first time since the financial crisis and on the back of three scheduled cuts in 2019.
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The dollar was weak against a basket of currencies yesterday as coronavirus prompted further concern about an interest rate cut from the Federal Reserve. This follows Jerome Powell’s statement that the Fed would ‘act as appropriate’. The markets…
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The euro hit a four-month high against the pound yesterday as trade talks got underway and fears of coronavirus in the UK grew. France’s Europe Minister Amélie de Montchalin told Andrew Marr on the weekend that the trade…
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The pound remained under pressure yesterday, dropping to a four-month low against the euro due to coronavirus fears and expectations of turbulent UK-EU trade negotiations. Sterling has recovered slightly this morning, however, risks remain.
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