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Sat 28 Mar 2020 16:56GMT

China News

Latest 10 news items tagged China

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...
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...
Euro (EUR) Rises as German Factory Orders Improve in January Published: 6 Mar at 4 PM 2020
<h3>Pound Sterling (GBP)</h3> The Pound (GBP) has benefited from easing fears of an interest rate cut from the Bank of England (BoE) today after Andrew Bailey, the future Governor of the BoE, said that the BoE would require ‘more evidence’ of Covid-19’s impact on the British economy before cutting interest rates. Yesterday’s strengthening UK New Car Sales for February have also propped up the GBP exchange rate today. <h3>US Dollar (USD)</h3> The US Dollar (USD) has continued to struggle against...
Canadian Dollar (CAD) Sinks as the Bank of Canada Slashes Interest Rates Published: 4 Mar at 5 PM 2020
<h2>Pound Sterling (GBP)</h2> The Pound (GBP) struggled against many of its peers today after the UK Markit Services PMI for February undercut forecasts and eased from 53.3 to 53.2. The GBP exchange rate has also become beset by rising odds of a rate cut from the Bank of England (BoE), with the coronavirus outbreak threatening to weaken the British economy in the near-term. <h2>US Dollar (USD)</h2> The US Dollar (USD) recovered some of its losses today after February’s ISM Non-Manufacturing PMI beat...
US Dollar (USD) Rises as Coronavirus Fears Increases Safe-Haven Appetite Published: 28 Feb at 5 PM 2020
<h2>Pound Sterling (GBP)</h2> The Pound (GBP) traded negatively against many of its peers today as no-deal Brexit fears continued to weigh on market appetite for Sterling. Markets have always remained cautious due to the spread of the coronavirus, leaving investment in the Pound markedly subdued today. Analyst at MUFG commented: ‘While country-by-country tallies of COVID-19 shows an un-alarming total of 15 in the UK, its near 5% current account deficit means a tightening of financial market conditions leaves...
Pound (GBP) Sinks on No-Deal Brexit Fears Published: 27 Feb at 3 PM 2020
<h2>Pound Sterling (GBP)</h2> The Pound (GBP) plummeted against many of its peers today after Downing Street announced that it could walk away from UK-EU trade talks as early as June. As a result, Sterling has suffered from investors fearing a no-deal scenario between the UK and the EU by the end of the transition period, which terminates in late December this year. Frances O’Grady, the TUC General Secretary, commented: ‘A good deal with the EU should be this government’s priority. But instead Boris Johnson is...
US Dollar (USD) Sinks on Heightened Fed Rate Cut Fears Published: 26 Feb at 2 PM 2020
<h2>Pound Sterling (GBP)</h2> The Pound (GBP) fell against many of its peers today as post-Brexit trade talks between the UK and the EU continue to come under strain. This follows comments by Michel Barnier, the European Union’s Chief Brexit negotiator, who said that he expects trade talks to be ‘very difficult’. Sterling continues to sink on heightened fears of the UK leaving the EU without a deal at the end of the Brexit transition period later on this year. <h2>US Dollar (USD)</h2> The US Dollar...
Sterling Rebounds as Investors Move Away From Safe-Haven US Dollar Published: 25 Feb at 5 PM 2020
<h2>Pound Sterling (GBP) Rebounds on Slight Boost in Risk Appetite</h2> The Pound (GBP) rebounded on Tuesday after markets found stability despite worries about Covid-19. Investors were able to move away from the safe-haven USD which had previously sent the British currency lower. The slight increase in risk appetite was the main driver of Sterling today, although markets awaited for developments in trade relations between the UK and European Union. UK-EU trade talks are set to begin next week in order for a post-Brexit...

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