Pound to euro exchange rate plummets to two-month low due to coronavirus & oil price drop

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Pound to euro exchange rate plummets to two-month low due to coronavirus and oil price drop

“Today, with the data calendar relatively light, the coronavirus pandemic will remain the primary driver of risk appetite.Following the crash in oil prices yesterday, Sebastien Clements, currency analyst at OFX, added concerning the pound’s movements: “The pound lost its footing on Tuesday as it found itself fighting for the wooden spoon with the New Zealand dollar as the worst-performing major currency.

 

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