07 September 2021 - Government fears Autumn surge

"Concerns that the likely slowdown in the economy in the third quarter compared to Q2 are growing. There are also medium-term fears that the fourth quarter will provide a downside surprise. Comparisons continue to be made about the actions of the BoE, ECB and FOMC. Prior to the past two weeks or so, a tightening of monetary policy through a reduction of asset purchases in the U.S. was the clear favourite. The UK economy has been the most consistent performer since the recovery started, that is due in no small part to the fact that the UK stole a march, by starting its vaccination programme first and has been able to maintain its performance. Concerns that the likely slowdown in the economy in the third quarter compared to Q2 are growing. There are also medium-term fears that the fourth quarter will provide a downside surprise. Outside the direct result of the Pandemic, there have been several factors that have threatened to derail the recovery, but have, so far, failed. " 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.