"Although talk of a vaccine to protect against Coronavirus becoming available before the end of the year has been going on for some time, the fact that it is now reasonably certain that it will happen has taken markets by surprise.

The Government, while being naturally cautious, must be incredibly relieved as it was reaching the point where the effect on the economy of further lockdowns would become almost impossible to support.

The boost to confidence of both business and consumers could be a game-changer according to Bank of England Chief Economist Andrew Haldane. It is clear that while the rollout of the vaccine will take several months, the news will provide a vision of a light at the end of the tunnel."

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.