18 January 2021 - Recession beckons as economy shrinks by 2.8% in November

Beyond Currency

"The short-term prospects for the UK economy are, if anything, worsening as the measures taken by the Government to protect the population bite into economic growth. The economy shrunk by 2.8% in November as the tier system was brought in and is likely to see a similar or even worse result in December as even more draconian measures were introduced. The bad news has continued into the New Year with the travel and aviation sectors hit by the withdrawal of all travel corridors in the wake of new strains of the virus emanating first in South Africa, then in Brazil. Analysts predict that every month of continuing lockdown adds three months to the time before activity in the UK returns to its pre-Covid level. " 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.