Pound hits 2-week high
The Pound moved higher on Wednesday, with the UK currency extending its rally into its fifth consecutive session and striking a two-week high.
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The Pound moved higher on Wednesday, with the UK currency extending its rally into its fifth consecutive session and striking a two-week high.
As the Bank of England (BoE) opted to leave interest rates on hold at their official March meeting the mood towards the pound picked up.
A softer headline UK consumer price index reading offered some relief to households, having the potential to limit some of the impact of the Covid-19
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
The pound came under pressure yesterday as Boris Johnson announced strict new quarantine measures in an effort to stop the spread of the coronavirus.
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.
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