Monday , March 30 2020

Tag Archives: Dollar

Pound US Dollar exchange rate: GBP/USD falls as officials warn US must prepare for pandemi | City & Business | Finance

The US dollar was able to recover from earlier two-week lows on Wednesday as the spread of Covid-19 outside China quickened and expectations the Federal Reserve would signal further policy easing decreased. Tuesday’s risk-off mood was quickly squashed as the outbreak continued to spread rapidly through the Middle East and …

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Pound us dollar exchange rate: GBP/USD dips as Downing Street threatens no deal Brexit | City & Business | Finance

The Government’s 30-page document outlining its Brexit priorities stated: “[The UK] will not negotiate any arrangements in which the UK does not have control of its own laws and political life”. Sterling reacted negatively to the news, with investors now fearing that the UK could face a no-deal by the end …

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Pound US Dollar exchange rate: GBP/USD rebounds after Monday’s selloff | City & Business | Finance

The stability did encourage investors to move away from the safety of the dollar that had previously sent the pound lower. However, fears that the virus was becoming a pandemic increased which could cripple global supply chains and cause serious economic damage. Covid-19 could trigger recessions across the global economy, and …

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Pound US Dollar exchange rate slumps as opportunity to contain Covid-19 ‘narrowing’ | City & Business | Finance

While the majority of cases of the virus remain in China, other countries including South Korea, Italy and Iran are battling the spread. Tedros Adhanom Ghebreyesus, the World Health Organisation’s (WHO) chief has warned the window of opportunity to contain the spread of the virus was “narrowing”. The infection rate in …

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