The coronavirus pandemic will have a negative impact on economies across the EBRD regions but recovery could be robust once the outbreak is contained, according to the Bank’s economists.

The GBP/USD tumbled 92 points with little data as traders focus on Brexit and the budget proposed by George Osborne last week.

Russian stats gas company Gazprom, Italia’s Edison and Greek DEPA signed a memorandum on  gas supplies from Russia over the Black Sea bottom from third countries to Greece and from Greece to Italy, the Russian gas holding said on Wednesday. According to TASS, the purpose of the agreement is to organize the southern route of Russian gas supplies to Europe.

The GBP/USD pair rose during the course of the session on Monday, April 11, showing quite a bit of strength, FX Empire reports. Ultimately, this is a market that has been consolidating between the 1.40 level on the bottom, and the 1.45 level on the top.

GBP/USD has been quite a show this week, FXStreet reports.Making new highs today for the month.

Russia’s credit performance has finally stabilised after a notable four-year decline, according to new data out today from FICO.

The biggest leak of documents in history, connected with the Panamian law firm Mossack Fonseca showed how tax havens can be used to hide wealth. Thera are my ore than 11.5 million records and bout 2.6 terabytes of data, but roughly 200 Americans. Many have questioned why only a few Americans have been implicated so far.

The GBP/USD continued to mount a comeback on Wednesday, March 2, as technically oversold conditions encouraged speculative buying, short-covering and profit-taking.

Russian President Vladimir Putin had a working meeting with members of the Russian government’s economic block and officials from his administration on February 20. They have discussed a plan of support to the Russian economic in 2016, TASS reports.

Reuters informs Russian government has decided to provide 150 billion roubles ($2.2 billion) to recapitalise VEB, the state development bank, Russian Prime Minister Dmitry Medvedev told the bank's supervisory board meeting on Tuesday.

The last rating from U.S. magazine Forbes reports Leonid Mikhelson, chief executive and co-owner of Novatek, has become Russia's richest men with wealth estimated at $14.4 billion, overtaking Vladimir Potanin.

Standard & Poor's confirmed the long-term currency credit rating of Russia at the level of "BB+" with the negative outlook. The long-term national currency rating was confirmed at "BBB-", the international rating agency said on February 17.