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16 Mar 2020

BoE's Bailey: Will see prompt action from BoE again when needed

"You will see prompt action from the BoE again when we need to take it," the Bank of England's (BoE) new governor Andrew Bailey told BBC news on Monday. 

"The move by central banks is a strong signal of coordination," Bailey added, per Reuters. "We will see what effect of swap lines will be in the coming days. We are very keen to ensure long-term economic damage from coronavirus is minimised."

GBP/USD reaction

The British pound largely ignored these comments and the GBP/USD pair was last seen trading at 1.2282, adding 0.05% on a daily basis.

Mar 16, 2020

ECB: Ready to play a greater role if needed – BNP Paribas

The ECB has taken action and seems ready to play a greater role if needed to defend the Eurozone economy during this crisis, according to Louis Boisse
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Mar 16, 2020

Coronavirus update: Confirmed cases in Spain jump to 8,744, 853 fatalities in Iran

The total number of confirmed coronavirus infections in Spain rose to 8,744 on Monday from 7,753 with 2917 fatalities, Reuters reported on Monday, cit
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