Sterling to regain some lost ground but forecasts slashed – Reuters poll

Hellenic Shipping News | Apr 4, 2020 at 12:00 AM
  • Britain’s pound will have regained some of its lost ground against the dollar in a year but forecasts in a Reuters poll were slashed from a month ago as the coronavirus pandemic continues to wreak havoc globally.
  • Adding to the currency’s woes, the Bank of England, like dozens of other central banks, has loosened monetary policy.
  • As the virus sweeps across Europe, governments in the euro zone have also unveiled huge stimulus measures and the European Central Bank has increased its asset purchase target for this year to around 1.1 trillion euros.