"Date figures show that Manufacturing output is at its lowest level in forty years. That in itself is hardly surprising, manufacturing has been on a decline for many years since globalization has allowed firms to create, build or make goods of similar quality to what can be produced in the UK at a fraction of the cost.

One of the more significant outcomes of the pandemic, particularly if the UK’s fall out with China escalates is that as manufacturing develops and becomes less labour intensive, the cost of setting up in the UK will fall. That has already been shown in a few car companies with global brands moving production to the UK.

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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.