The Office for Budget Responsibility (OBR) has predicted that the economic downturn could see unemployment rise to two million and their estimate for QoQ contraction is the most bearish of the recent calculations at 35%. In their estimation, that could lead to a 13% year on year contraction.
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.