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Mon 30 Mar 2020 05:27GMT

America News

Latest 10 news items tagged America

Pound (GBP) Rises as BoE Rate Decision Boosts UK Economic Hopes Published: 27 Mar at 3 PM 2020
<h3>Pound (GBP)</h3> The Pound (GBP) edged higher against many of its peers in spite of Prime Minister Boris Johnson’s coronavirus diagnosis. Sterling’s gains owed them primarily to an improvement in investor sentiment, with the British currency continuing to act as a risk-sensitive asset. GBP has also continued to benefit from the Bank of England’s (BoE) interest rate decision yesterday, which saw the bank hold rates at all-time record lows of 0.1%. <h3>Euro (EUR)</h3> The Euro (EUR) struggled today...
3 Million Surge in US Jobless Claims Leaves US Dollar Falling Against Majors amid Calmer Markets Published: 26 Mar at 5 PM 2020
Pound (GBP) Exchange Rates Demand for the Pound was a little stronger today, thanks largely to weakness in the US Dollar. The Bank of England (BoE) left monetary policy frozen in the day’s policy decision, which ultimately had little impact on Sterling’s appeal. Pound investors continue to wait for more UK fiscal stimulus to help the nation to weather the coronavirus pandemic. If Chancellor Rishi Sunak’s stimulus plans disappoint, the Pound may struggle to advance further. Euro (EUR) Exchange Rates Safe haven...
Euro (EUR) Sinks as Eurozone PMIs Contract Published: 24 Mar at 5 PM 2020
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 March, which showed a significant decrease into contraction territory from 51.6 to 31.4. Chris Williamson, the chief business economist at IHS Markit, commented on the report: ‘Business activity across the eurozone collapsed in March to an extent far exceeding that seen even at the height of the global financial crisis....
Sterling (GBP) Rises as PM Tells Britons to Stay at Home Published: 24 Mar at 5 PM 2020
<h2>Pound (GBP) Rebounds as Boris Johnson Tells Britons to Stay at Home</h2> The Pound (GBP) was able to edge higher against a handful of currencies today, including the US Dollar (USD) and Euro (EUR), gaining some respite after slumping in recent days. The British currency was able to benefit from a huge wave of selling against the Dollar, and Prime Minister Boris Johnson’s announcement that all shops selling non-essential items would be closed. Johnson also said that people would need to stay at home. However,...
US Dollar (USD) Falls as Fed Announces Fresh Stimulus Published: 23 Mar at 3 PM 2020
<h2>Coronavirus Pandemic Sends Pound (GBP) Lower</h2> 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 country’s approach to dealing with the coronavirus pandemic. Added to this, Britain’s large current account deficit also made the currency vulnerable. Looking ahead, Sterling could suffer some losses following the release of UK flash PMI data. If the services sector contracts at a faster rate...
Daily Update: Coronavirus Sparks Second Emergency Rate Cut from the BoE Published: 19 Mar at 4 PM 2020
<h2>Emergency BoE Rate Cut Buoys the Pound (GBP)</h2> Sterling (GBP) plummeted against a handful of currencies earlier on Thursday as traders flocked to the safe-haven US Dollar. However, after the Bank of England (BoE) cut interest rates once again in the second emergency cut this month, GBP was able to claw back some of its losses. Interest rates were cut to 0.1%, in the second emergency rate cut prompted by the worsening on the coronavirus pandemic. The BoE also announced another £200 billion in bond buying under...
Euro (EUR) Sinks as German Economy on ‘Red Alert’ Published: 17 Mar at 6 PM 2020
<h3>Pound (GBP)</h3> 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 rise to a worse-than-expected 3.9%. However, as this was before the major Covid-19 pandemic, Sterling traders are feeling increasingly pessimistic that unemployment could spike in the coming months. Capital Economists Chief Paul Dales commented: ‘With the peak of the virus yet to come, it is...
Canadian Dollar (CAD) Plummets as Oil Prices Slide by 10% Published: 16 Mar at 5 PM 2020
<h3>Pound Sterling (GBP)</h3> 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 of the UK Rightmove House Price Index, which rose in March by 1%, while the year-on-year figure edged higher by 3.5%. <h3>US Dollar (USD)</h3> The US Dollar (USD) remained subdued against many of its peers after the US Federal Reserve cut its interest rates from 1.25% to 0.25% on Sunday. As a...
Pound (GBP) Struggles after Spring Budget Announcement Published: 11 Mar at 5 PM 2020
<h3>Pound Sterling (GBP)</h3> 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 cut. The rate was slashed from 0.75% to 0.25% amid growing fears that Covid-19 will weaken the British economy in the near-term. Sterling also struggled after the month-on-month UK Growth report for January flat-lined at 0%. <h3>US Dollar (USD)</h3> The US Dollar (USD) has...
Sterling (GBP) Suffers Losses on ‘Black Monday’ Published: 9 Mar at 5 PM 2020
<h2>Pound Sterling (GBP) Slumps on ‘Black Monday’</h2> 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, Downing Street has said it has accepted coronavirus ‘is going to spread in a significant way’. Many analysts dubbed today ‘Black Monday’ as the market reaction has been chaotic, and any reports on UK-EU trade negotiations have been offset by Covid-19 developments....

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