"In the end, the end of the Pandemic in England came without any fanfare, as the world has moved on from Coronavirus to another perhaps even more worrying event.

With the country still reeling from rising inflation, soaring energy bills and increased taxes, the effect on the country of the Russian invasion of Ukraine is still unquantifiable.

There is little doubt that it will deliver lower growth as the global economy, which will feed through into every developed nation.

BP announced yesterday that it will offload its 19.5% stake in Russian oil firm Rosneft following Russia’s act of aggression. BP commented that the decision had been taken amid unprecedented political pressure.

With a significant range of sanctions being introduced in response to Russia’s invasion, possibly the most significant will be the exclusion of the country from the SWIFT international payments network.

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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.