Pound rallies on new stimulus package
The pound extended its recovery into a second week last week, with the announcement of a new stimulus package aimed [...]
pound nosedives after some heavy selling pressure through last week, with demand for the UK currency collapsing after Bank of England’s latest stimulus
Improvement in the UK’s May PMIs was not enough to offer the pound any significant boost – speculation over the Bank of England’s policy outlook.
Support for the pound weakened in response to the uk manufacturing trends, pointing towards a sharp loss of economic momentum.
A smaller than expected decline from the British Retail Consortium for retail sales figure was not enough to keep the pound from edging lower
Euro recovers ground as Eurozone finance ministers reach support agreement. News that an agreement had finally been reached helped EUR bounce back