"Chancellor of the Exchequer Rishi Sunak will stand before Parliament later today and present his spending plans for the next year.

In light of the Coronavirus Pandemic a more formal budget for the year ahead was considered inappropriate as the usual expenditure and taxation measures do not necessarily apply right now.

The main purpose of the spending review is to ensure that all Government Departments receive the necessary support to carry on through the next twelve months. How this will all be paid for is, as Sunak said in an interview on Sunday, a matter for another day.

So, Sunak, less than twelve months in the job, will again be seen as the good guy handing out support to every part of the economy. The day will come when he, or his successor, will have the far less palatable job of determining how the largest peacetime Government debt pile ever is serviced.

"

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.