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Business articles

Pound steady despite UK service sector slump

A sharp deterioration in March’s provisional UK services PMI highlighted the significant impact that the Covid-19 crisis has already had on economic a

US dollar weakens, pound pressured by ...

The pound came under pressure yesterday as Boris Johnson announced strict new quarantine measures in an effort to stop the spread of the coronavirus.

Pound rises 3% after BoE cuts rates to fresh ...

Following the Bank of England’s (BoE) surprise decision to cut interest rates to a fresh low of 0.1% the mood towards the pound widely improved.

Pound recovers from 35-year low

Having plummeted to its lowest levels since 1985 on Wednesday, the pound mounted a comeback yesterday after the Bank of England (BoE) announced its se

GBP/USD exchange rate hits lowest levels ...

The pound entered freefall yesterday, with the GBP/USD exchange rate striking its lowest levels since 1985.

Pound fluctuates as OBR calls for more ...

Demand for the pound weakened yesterday in spite of the head of the Office for Budget Responsibility’s call for the UK government to shore up the econ

Coronavirus rocks market as Fed cuts rates ...

The pound struggled to find support on Monday, with Sterling sentiment fluctuating as the UK government’s ‘heard-immunity’ approach to the coronavirus