"The Ipsos MORI Political Monitor which measures confidence in the UK showed that 43% of the population believe that the economy will improve in the next twelve months.
The survey showed that confidence is at its higher level since 2015, ironically just as the Brexit campaigns were beginning.
While that is hardly surprising, the main thing to take away is the belief that the Government is dealing with the current crisis in a manner that will lead the country back to some kind of normality.
Andrew Bailey, the Governor of the Bank of England, spoke early yesterday morning about his confidence that the course that has been set by easing of monetary policy and recent fiscal support means that the economy will attain a level higher than at the start of the Pandemic sooner than had been expected. It is expected that will happen around the end of the year.
While optimism continues to rise, there is still the concern that the return of children to school just over a week ago may lead to an increase in infections.
"
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.