"While the pound has several short-term victories, it is becoming clear that longer term investors, hedge funds and strategic traders remain bearish about the longer-term prospects for the currency. Thus, there is little follow through when bullish comments or expectations are made such as those by Bank of England Chief Economist Andrew Haldane yesterday.

Haldane’s view is that the economy is in the middle of a V-shaped recovery from the Covid-19 pandemic and has already recouped half of the fall in activity due to the lockdown."

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.