"As the Bank of England prepares to raise its forecast for growth in the UK for this year, Chancellor Rishi Sunak is preparing to start to withdraw some of the support packages he initiated as the country went into lockdown.

The furlough scheme is already set to end in September.

The consequences for the jobs market are the unknown that will exercise the thoughts of members of the Monetary Policy Committee when it meets next week.

It is still too early for a physical change to official rates, or the level of support being provided thorough QE, but any change in the conversation around negative rates will provide traders with an opportunity to express their views in the FX market.

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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.