"The services sector in the UK spans many segments of ordinary life. It has been the most widely hit by the furlough of staff and will see the largest share of job losses, as befits its status as the largest part of the UK economy.

An example of this is the travel industry where nine of every ten businesses are facing significant job losses. This is created by the knock-on effect across the entire sector that has seen airlines making staff redundant, hotels and restaurants struggling to make the new social distancing measures viable and quarantine measures (now relaxed) forcing holidaymakers to stay home."

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.