The fading shortage of dollars in the global financial system thanks to a series of interventions by the U.S. Federal Reserveappears to be a critical driver behind an ongoing recovery in the value of the British Pound, according to analysts.
April 1,2020
The British Pound extended a late-March rally into the final session of the month by notching up gains in excess of a percent against the Euro and commodity Dollar bloc while also pushing above 1.24 against the U.S. Dollar.
March 31,2020
The British pound advanced against the Euro and the majority of the world's largest currencies over the course of the past 24 hours but fell back against a resurgent U.S. Dollar amidst an environment of heightened volatility due to the coronavirus economic crisis.
March 31,2020
The British Pound starts the new week close to the multi-day highs where it ended on Friday, with markets digesting news that the UK's sovereign debt was downgraded by ratings agency Fitch over the weekend.
March 30,2020
The Pound is pushing sharply higher against the Euro, Dollar and a host of other currencies ahead of the weekend, but the gains come as stock markets are tanking: The FTSE 100, Dow Jones and Germany's Dax are all down over 2% as the week's recovery capitulates in impressive fashion.
March 31,2020
The British Pound recovered back above 1.20 against the Dollar and 1.10 against the Euro over the course of the past 24 hours, thanks to an ongoing improvement in global investor sentiment.
March 27,2020
After a strong start to the mid-week session the British Pound has suffered a sudden and unexpected decline against the Euro, Dollar and other major currencies in the London afternoon / New York trading session.
March 31,2020
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