March 2020 currency news archive

Exchange rate developments and the events behind them. Each report is dated so you can see when it was published.

These reports were published in March 2020. For current indicative exchange rates, use the currency converter.

Pound (GBP) Rises as BoE Rate Decision Boosts UK Economic Hopes

Pound (GBP) The Pound (GBP) edged higher against many of its peers in spite of Prime Minister Boris Johnson’s coronavirus diagnosis. Sterling’s gains owed themselves primarily to an improvement in investor sentiment, with the…

Euro (EUR) Sinks as Eurozone PMIs Contract

The Pound to Euro (GBP/EUR) exchange rate rose by over 1% today, with the pairing currently trading around €1.08. The Euro (EUR) suffered today after the publication of the flash Eurozone Composite PMI for…

US Dollar (USD) Falls as Fed Announces Fresh Stimulus

Coronavirus Pandemic Sends Pound (GBP) Lower The Pound (GBP) suffered losses on Monday as investors flocked back to the safe-haven US Dollar (USD) this morning. Sterling was also hit as investors worried about the…

Euro (EUR) Sinks as German Economy on ‘Red Alert’

Pound (GBP) The Pound (GBP) remained subdued against its peers today as UK economic recession fears grow amid the ongoing global coronavirus pandemic. Today also saw the release of January’s UK ILO Unemployment Rate…

Canadian Dollar (CAD) Plummets as Oil Prices Slide by 10%

Pound Sterling (GBP) The Pound (GBP) edged higher today as hopes returned for the British economy as Downing Street appeared to take a firmer stance on the coronavirus epidemic. Today also saw the release…

Pound (GBP) Struggles after Spring Budget Announcement

Pound Sterling (GBP) The Pound (GBP) failed to make any significant gains following Chancellor Rishi Sunak’s announcement of the Spring Budget 2020. Today also saw the Bank of England (BoE) announce its emergency rate…

Sterling (GBP) Suffers Losses on ‘Black Monday’

Pound Sterling (GBP) Slumps on ‘Black Monday’ The Pound (GBP) suffered losses on Monday afternoon after the UK government’s emergency Cobra meeting. While the government said the UK was remaining in the ‘containment’ stage,…