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24 February 2021 - Jobless rate higher but lockdown optimism remains
"The unemployment rate rose to 5.1% in January. The increase was wholly expected and did nothing to take the shine off Sterling’s continuing rally.
The single lasting economic effect of the Pandemic in every developed nation will be unemployment as businesses of all sizes struggle to come to terms with the reality of a year in lockdown.
No one doubts that the crunch time for unemployment will be when the economy is opened up again and support is withdrawn.
Cash flow will be the major issue and it is unclear whether the Chancellor will extend the furlough scheme at all but if he does there will be two questions that need to be answered.
"
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.
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By CurrencyTransfer
5
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"The unemployment rate rose to 5.1% in January. The increase was wholly expected and did nothing to take the shine off Sterling’s continuing rally.
The single lasting economic effect of the Pandemic in every developed nation will be unemployment as businesses of all sizes struggle to come to terms with the reality of a year in lockdown.
No one doubts that the crunch time for unemployment will be when the economy is opened up again and support is withdrawn.
Cash flow will be the major issue and it is unclear whether the Chancellor will extend the furlough scheme at all but if he does there will be two questions that need to be answered.
"
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.