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13 September 2021 - Economy taking longer to reach pre-Covid level
"The UK economy remains below the level it was before Coronavirus arrived.
The latest monthly data from NIESR show that the economy is still 2.1% smaller and the rate of growth slowed in July. The MoM rise in GDP in July over June was just 0.1%, versus a 1% rise in June.
The currency market is still being held within its recent ranges by expectations that Central Banks will begin to withdraw accommodation on one side, and disappointing data on the other.
The UK economy remains below the level it was before Coronavirus arrived.
The most recent data releases in the UK have not been sufficiently poor to drive the pound lower, and the release of employment and inflation this week will contribute to the overall mood of wait and see.
"
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.
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By CurrencyTransfer
5
11 ratings
"The UK economy remains below the level it was before Coronavirus arrived.
The latest monthly data from NIESR show that the economy is still 2.1% smaller and the rate of growth slowed in July. The MoM rise in GDP in July over June was just 0.1%, versus a 1% rise in June.
The currency market is still being held within its recent ranges by expectations that Central Banks will begin to withdraw accommodation on one side, and disappointing data on the other.
The UK economy remains below the level it was before Coronavirus arrived.
The most recent data releases in the UK have not been sufficiently poor to drive the pound lower, and the release of employment and inflation this week will contribute to the overall mood of wait and see.
"
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.