Chancellor of the Exchequer Rishi Sunak has announced that £30bn in immediate spending will be made available to counter the economic slowdown prompted by the coronavirus outbreak, with an additional £175bn increase in spending due over the next 5 years.
March 11,2020
The Bank of England has announced an emergency cut in interest rates to shore up the economy in the wake of the coronavirus outbreak but foreign exchange markets will soon shift their focus to the looming March budget announcement where further measures to fight the coronavirus will be announced.
March 11,2020
The Bank of England will surprise markets and deliver a sizeable cut to interest rates in March and restart quantitative easing in April, as part of a global effort to shore up economic activity and investor sentiment in the face of a coronavirus-linked economic slowdown.
March 10,2020
Pound Sterling swooned to a five-month low against the Euro on Monday, March 09 amidst a fresh market panic about the coronavirus outbreak that has prompted significant falls in stocks and oil.
March 9,2020
The British Pound is appreciating in value against the Dollar and Euro on Thursday, March 05 but the currency's nascent rebound could be questioned by markets when they digest the outcome of a press conference to be held in Brussels by the EU's Chief Negotiator, Michel Barnier.
March 5,2020
The Pound is solidifying above 1.15 against the Euro and is creeping back to 1.29 against the U.S. Dollar amidst a stabilisation in global stock markets and fading expectations the Bank of England will slash interest rates this month.
March 5,2020
The British Pound was seen attempting to regain ground lost to the Euro, U.S. Dollar and other major currencies on Tuesday with a recovery in global stock markets providing supportive.
March 3,2020
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