"The Bank of England's Chief Economist Andy Haldane is paid to see into the future and predict just how the economy is going to perform. It would appear that he has earned every penny of his salary over the past month as he predicted a significant rise in manufacturing output and that is what the economy delivered.

Factory output grew to 53.3 in July, in line with the flash estimate, confirmed Haldane’s view that the economy is going to experience a V-shaped recovery. Of course, his prediction was made prior to the current fears over a second wave of Covid-19.

That could curtail what has been a run of improving data despite headwinds over China and Brexit threatening to push the recovery off course.

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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.