Pound recovers from 35-year low vs US dollar
The BoE to deliver its second emergency policy move in as many weeks, cutting interest rates to a fresh record low of 0.1%.
Currencies
Coronavirus panic and rate cuts prompts market chaos
Currency markets were rocked last week after a number of central bank’s moved to cut interest rates, as the economic
Pound stumbles thanks to spike in no-deal Brexit fears
Decrease in the odds of the Brexit transition period ending without a fresh UK-EU trade deal saw the pound fall sharply out of favour last week
Positive UK manufacturing encourages pound recovery
The mood towards the pound improved after the UK’s manufacturing PMI delivered an unexpectedly positive reading for February. The European
Pound and euro struggle
Signs of resilience from the UK services PMI failed to shore up the pound last week, with markets still concerned
UK inflation & Interest rate cut
A weaker-than-expected UK consumer price index added to the odds of an imminent Bank of England (BoE) interest rate cut this week
Pound under pressure
Increasing evidence of a fourth quarter UK economic slowdown left the pound under pressure, pushing it away from its New
Pound extends winning run thanks to election result
UK election results. While markets anticipated a Conservative win this did not stop GBP exchange rates from rallying sharply.
Pound hits multi-month highs ahead of UK election
As opinion polls continued to point towards a Conservative lead ahead of the upcoming election the pound stormed higher after Strong Conservative polling
GBP holding gains, Election Day approaches
GBP exchange rates have pushed higher again this morning, with investors’ sights firmly set on the upcoming UK Election Day