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The US dollar eased back against its major peers again, falling to its lowest level in a week against the euro. While US initial jobless claims are expected to show a massive increase when data is released this afternoon.

The Trump administration and US Senators agreed a massive stimulus package to to allay the impact of the COVID-19 virus on the US economy.

Euro Area and UK PMI data provided the first insight into the impact of the coronavirus containment measures.

An unprecedented stimulus announcement from the Federal Reserve halted the dollar rally in its tracks. While the comprehensive package should help support equities and drive down treasury yields, it has allayed fears of a dollar funding crisis in the market.

The coronavirus pandemic continues to wreak havoc on financial markets worldwide. Oil dependent countries were the worst hit but every major currency has been affected.

Monetary authorities around the world are continuing to battle hard to combat the economic risk posed by the coronavirus pandemic.

In order to preserve the security of its employees and continue to provide high quality financial services to its customers, all of Ebury’s offices and operations have moved to remote working.

Currency markets continue to be extremely volatile with Sterling crashing to a 35 year low. Plus, the ECB announces massive stimulus programme.

The Bank of England surprised the market again, ramping up its stimulus measures as it attempts to allay the impact of the COVID-19 virus on the UK economy.