"Although the recovery to a level last seen at the end of last year won’t be seen until the end of next year, Bailey is confident that the recovery will be steady and gradual, despite its length.

There is a very real caveat, and that is the extent to which the economy may be affected by a second spike of the Coronavirus epidemic. New infections across the larger EU economies are currently running at a rate of about double what is being seen in the UK. It is assumed that the UK follows mainland Europe by between two and three weeks, so it is obvious that the next month will be critical.

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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.