"It is a reaction that has taken place for almost as long as there has been unfettered FX trading but the volatility around Central Bank meetings remains as high as ever despite the outcomes becoming more and more predictable.

The Bank of England is facing a sight unknown in that there may be a need for rates to be cut into negative territory depending on two factors.

Negative rates would be a significant step into the unknown with analysts and economists likely to be divided on the effect and the time they will be necessary.

No one can say just what the reaction of the economy will be to when the lockdown is lifted and how long the pent-up demand will exist. Second, the effect on business of a sustained lockdown that may have made hundreds, even thousands no longer viable.

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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.