"The recovery of the UK economy continues to gather pace. It appears that every piece of economic data fits perfectly into the puzzle.

However, the degree of stimulus and support that has been provided to ensure that the country would be prepared to reopen once the Pandemic was under control will at some point need to be withdrawn and that will bring its own concerns.

Fears continue to grow that as the Government's main piece of legislation; the furlough scheme, will be withdrawn before the economy is fully on its feet.

The scheme has been extended twice and now ends in September. Whether that will be sufficient is open to debate. Businesses that have not been able to generate sufficient cash flow given almost an entire quarter to recommence their operations probably never will.

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Beyond Currency Market Commentary:

Aims to provide deep insights into the political and economic events worldwide that can cause currencies to change and how this can affect your FX Exposure.