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
"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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