"The third wave of Covid-19 to hit the UK, brought about by the Delta variant of the virus, appears to be on the decline as every form of vaccine that has been used appears to be effective against this strain.

While this is good news for the continued recovery of the economy, scientists are wary of another variant arriving to coincide with the winter flu season.

For this reason, analysts expect the Bank of England’s Monetary Policy Committee, which meets tomorrow, to keep support at its current level despite the possibility of one or two dissenters over the level of asset purchases in the current programme.

The third wave of Covid-19 to hit the UK, brought about by the Delta variant of the virus, appears to be on the decline as every form of vaccine that has been used appears to be effective against this strain.

Overall, the expectation for the MPC meeting is for a neutral outcome, with just a shade more optimism about the continued recovery.

"

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.