The British pound is trading at historic lows at its lowest levels in more than three decades as people worldwide adjust to once-in-a-generation measures to battle the COVID crisis.
Coronavirus fears led to a historic market drop in U.S. stocks,in their worst day shut borders and disrupted daily life around the world.
Pandemic fears are roiling markets, driving a scramble for safety. The Federal Reserve’s drastic interest rate cut to near zero stoked fears of a coronavirus-driven recession.
Although central banks taking drastic measures to restore confidence in markets and calm panicked investors, oil prices and stock markets continued to nose-dive.
Investors cheered efforts made by governments and policymakers to address the economic fallout from the coronavirus outbreak and global stock markets recovered.