"Evidence is emerging that the recovery in the UK economy is even more robust that had previously been presumed. Job vacancies have recovered to a level last seen before the first lockdown over a year ago.

Sectors that were least affected by the pandemic such as logistics and construction are seeing a particularly strong recovery.

There had been concerns that Brexit would have an effect on the services sector but so far, that area of the economy, which makes up 80% of output, remains strong.

Concerns remain that there will be several businesses whose survival depends on support from the Government and when the furlough scheme ends in September, it could lead to a significant rise in unemployment. Analysts believe that those fears could be overdone with the economy building a far stronger base that had at first been expected.

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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.