Pound US Dollar (GBP/USD) Exchange Rate Sinks as Boris Johnson Expects the Second Wave of Covid-19
GBP/USD Exchange Rate Sinks as PM Warns Against Lifting Lockdown Too Soon The Pound to US Dollar (GBP/USD) exchange rate dropped by -0.4% this morning, with the pairing now trading about $1.244. Sterling was in for a struggle after the PM stated raising the UK’s lockdown prematurely could result in a ‘second wave’ of Covid-19. […]
How the Federal Reserve Handles Recession? Here are three ways
Heading into what might be the worst worldwide downturn in nearly a century, it’s interesting to see how monetary superpowers help stem the wave. Federal Reserve Task The Central Bank of America, the Federal Reserve, utilizes a double mandate as damage restriction to an economic recession by minimizing unemployment and stabilizing costs. The knock-on impact […]
