"The realization, despite previous warnings, of a severely damaging recession has finally hit home pushing Sterling to its lowest level since early April.
An economy which is completely dominated by the services sector is bound to suffer a longer and more painful slowdown as that is the area that will be most delayed in reopening and suffer from the most severe cash flow issues.
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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.