News

Sterling lower despite huge stimulus package

The UK government announced a huge and unprecedented stimulus programme yesterday to try and allay the economic impact of the coronavirus. £330 billion worth of loans and aid will be made available (the equivalent of 15% of the UK’s GDP) with the pledge to do more if...

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Additional action by the Fed fails to calm markets

Markets continue to be rattled today after coordinated stimulus action by global central banks over the weekend failed to calm investors’ fears over the impacts of the coronavirus pandemic.   To help improve liquidity and global funding markets, the Federal Reserve...

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BoE join the Fed by cutting rates by 0.5%

The Bank of England has just cut interest rates by 0.5% in an unscheduled move to counter the fallout from the coronavirus crisis.   Markets had already been pricing in around 0.38% cut from the BoE this month, so a fair amount of this was already priced in but it...

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Carnage in markets as virus woes continue

Extreme volatility across the markets has continued this morning as the coronavirus continues to spread and investors run scared. Italy has locked down an area containing around 16 million people which includes Italy's second largest city (Milan) and the country's...

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Euro strengthens as Coronavirus causes chaos in the markets

The volatile week in markets has continued today as fears of the spread and impact of the Coronavirus continue to grow. These fears have led traders to seek traditional safe-haven assets and consequently US treasury bond yields have been dragged to record lows. Stock...

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