"The Governor of the Bank of England Andrew Bailey followed his Chief Economist Andy Haldane in predicting a robust recovery in the UK economy once the vaccination programme begins to take hold.

Both Bailey and Haldane’s opinions differ from those of the financial markets where analysts see the recovery taking longer than expected and the recession lasting into at least the third quarter.

There are differing opinions too about when the recovery will begin. It is highly likely now that the country will spend the entire first quarter in recession. That means, depending on how quickly activity can grow, the second quarter will begin in recession.

Brexit continues to fly under the radar with yesterday’s report that 20% of small and medium businesses are now avoiding selling in the EU due to uncertainties over delivery. Not generally reported this particularly applies to perishable goods.

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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.