"Last week, Bank of England Governor Andrew Bailey jokingly compare the troubles facing the economy with the biblical plague of locusts.
As the week wore on, his comment became more prophetic as traders and investors dumped their holdings in Sterling, driving it to new year’s lows versus both the dollar and euro.
Johnson’s Chancellor will be speaking at the Conservative Party Conference, which begins later today in Manchester. It is expected that he will announce a £500 million fund to support the jobs market.
Last week, Bank of England Governor Andrew Bailey jokingly compare the troubles facing the economy with the biblical plague of locusts.
Sunak is expected to say that the Government plans to begin to reshape the economy following the Pandemic, utilizing the country’s strengths in technology and innovation.
"
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.