17 December 2020 - UK Facing continued headwinds

"If the UK economy can grow in the current environment 2021 should be a piece of cake! The IHS Markit Economic Survey grew marginally in this month from 49 to 50.7. That rise, more importantly, took output into expansion territory. As the month has worn on, problems with freight services have led to issues in the supply chain. This can only worsen as the outcome of Brexit negotiations becomes known. Unless the EU totally capitulates and gives the UK all it wants in talks, the situation post January 1st is certain to be worse than it is today. No matter what procedures are set in place, documentary requirements, more customs checks and additional permits for UK lorries to travel unfettered across Europe will come into force. Brussels has suspended the need for new permits for lorries until June, but there will be issues over the use of the correct containers. " 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.