"The National Institute for Economic and Social Research (NIESR) released a report yesterday that paints a very dark picture of the UK’s economic prospects for 2022.
The country faces lower than average growth and continued high inflation.
While the causes of the rise in inflation may indeed be transitory, in that they are driven by a specific set of issues, that cause is expected to continue for a considerable time, possibly the whole of next year.
While demand is outstripping supply across most areas of the economy, following the country’s emergence from Coronavirus lockdowns, the effects of Brexit are yet to be fully felt.
The economy had come to rely on workers from the EU, despite the message from Brexiteers that they were the cause of high unemployment in the lower paid sector.
"
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.