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The BoE to deliver its second emergency policy move in as many weeks, cutting interest rates to a fresh record low of 0.1%.

Read more about: "Pound recovers from 35-year low vs US dollar"

policymakers voted unanimously to slash interest rates from 0.75% to 0.25% to defend against the impact of the coronavirus.

Read more about: "Coronavirus & currency market chaos"

Currency markets were rocked last week after a number of central bank’s moved to cut interest rates, as the economic impact of the coronavirus threatens to plunge parts of the world into a recession. Amidst an extremely chaotic start to the week we have seen GBP/EUR trading close to a five-month low at €1.1436, while [...] Read more about: "Coronavirus panic and rate cuts prompts market chaos"

Decrease in the odds of the Brexit transition period ending without a fresh UK-EU trade deal saw the pound fall sharply out of favour last week

Read more about: "Pound stumbles thanks to spike in no-deal Brexit fears"

The mood towards the pound improved after the UK’s manufacturing PMI delivered an unexpectedly positive reading for February. The European Central Bank’s (ECB) January meeting minutes offered encouragement to the euro, meanwhile, as their tone proved more optimistic than anticipated. A surprise contraction in the US services PMI saw the US dollar stumble ahead of [...] Read more about: "Positive UK manufacturing encourages pound recovery"

Signs of resilience from the UK services PMI failed to shore up the pound last week, with markets still concerned by the lack of clarity surrounding the UK’s future relationship with the EU. Sharp deteriorations in German and French industrial production put pressure on the euro, meanwhile, as confidence in the outlook of the Eurozone [...] Read more about: "Pound and euro struggle"

A weaker-than-expected UK consumer price index added to the odds of an imminent Bank of England (BoE) interest rate cut this week

Read more about: "UK inflation & Interest rate cut"

Increasing evidence of a fourth quarter UK economic slowdown left the pound under pressure, pushing it away from its New Year’s highs. Although December’s finalised services PMI saw a positive revision from 49.3 to 50.0 this failed to paint an encouraging picture of the economic outlook. With the service sector ending 2019 in a state [...] Read more about: "Pound under pressure"

UK election results. While markets anticipated a Conservative win this did not stop GBP exchange rates from rallying sharply.

Read more about: "Pound extends winning run thanks to election result"

As opinion polls continued to point towards a Conservative lead ahead of the upcoming election the pound stormed higher after Strong Conservative polling

Read more about: "Pound hits multi-month highs ahead of UK election"