"We fear, however, that Sterling will be one of the currencies hit hardest if the coronavirus becomes a fully-fledged pandemic and pushes the global economy into recession". - Samuel Tombs, Pantheon Macroeconomics.
March 2,2020
The Pound is besieged by a multitude of risks and was in retreat from the Euro and Dollar Friday as analysts warned that more losses could be likely in the short-term.
February 28,2020
Pound Sterling softened against the Euro and other major currencies Thursday as the government prepared to release details of its Brexit negotiating objectivesand as investors appeared to still favour safe-haven assets given the continued spread of coronavirus across the globe.
February 27,2020
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The Pound fell to the bottom of the major currency class Wednesday amid profit-taking prompted by renewed speculation of a delay to the March budget, which comes in addition to mounting coronavirus concerns and is further encouraging markets to price-in a Bank of England (BoE) rate cut for the coming months.
February 26,2020
The British Pound remains well below its 2020 highs against both the Euro and U.S. Dollar with foreign exchange markets unwilling to push the currency higher amidst the global coronavirus market selloff and with just days to go until trade negotiations between the EU and UK officially start.
February 26,2020
The British Pound was seen advancing against its rivals on the day EU states agreed a roadmap to a future trade deal with the UK, in which they require that the EU's standards should be "a reference point" to any trading agreement.
February 25,2020
Foreign exchange analysts at Wall Street bank JP Morgan say they see "considerable downside" potential in the British Pound in the event of the UK and EU failing to strike a trade agreement at the end of 2020.
February 25,2020
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