"The pound suffered from some home grown pressure yesterday as inflation fell to its lowest level in four years driven by a 17% fall in fuel prices at the pump and major discounting from clothing and footwear retailers providing price cuts to shift summer stock having missed out on the first month of the news season.

The upturn in sales seen over the first few days of the lifting of lockdown restrictions has barely scratched the surface of the surplus stock so with underlying prices continuing to fall, low inflation is likely to be a factor for some time to come.

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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.