"The UK economy is unlikely to return to pre-Pandemic levels before the fourth quarter of 2022. Unemployment will peak at 7.5% in Q2 of next year meaning the jobless total will reach 2.6 million. These were the stark outcomes from the Chancellors spending review that he delivered to Parliament yesterday.

While there were dire warnings for the future of the economy, the Chancellor announced two large new areas of investment.

First there will be a £4 billion fund setup for investment in areas that have missed out on funding in the past, while the Government’s restart scheme will receive £3 billion to go towards finding jobs for around a million people who are currently or about to become unemployed.

Equity markets appear to be providing a far more reliable guide to the performance of the economy recently. Yesterday, for example the pound reached its highest levels this quarter, despite the slowing economy and second lockdown.

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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.