The Norwegian Krone strengthened Friday, forcing the GBP/NOK rate back from multi-year highs even after the Norges Bank announced a large and unscheduled interest rate cut to support the economy as it grapples with one of the fastest per-capita coronavirus growth rates in the world. 

March 13,2020

The British Pound suffered significant declines against the Euro and U.S. Dollar over the course of the past 24 hours amidst a fresh meltdown in global stock markets and the currency remains locked in downward trends against its two main rivals.

March 13,2020

Global stock markets are in free-fall once more and the British Pound is finding itself under significant pressure in the current market atmosphere.

March 12,2020

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