Beyond Currency

14 May 2021 - Pace of growth cannot be maintained


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"The market now fully believes in the UK's recovery from the Pandemic and the almost total reopening of the economy next month will accelerate the process.
It remains to be seen just how long the headlong pace will be maintained and the longer-term issues that will need to be addressed as the removal of stimulus packages leave the economy exposed.
The Bank of England remains confident that although employment will take a hit as businesses that have solely relied on furlough payments to keep staff employed suffer or fail, the anecdotal evidence from the latest growth figures shows that businesses began gearing up for the reopening almost as soon as the Prime Minister announced his plans.
As the public regains their socialising and spending habits, it will be the consumer that is the main driver behind a sustainable recovery.
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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.
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