20 November 2020 - UK reliance on services hits growth

"The UK, U.S. and Eurozone are facing mounting cases of Coronavirus as the second wave takes hold. The UK is in lockdown for another twelve days, President-elect Biden has said that the U.S. won’t enforce a total lockdown, while in the Eurozone speculation is rising that those nations that have put lockdowns in place will have to extend them as they have not had the desired effect. However, with each country facing additional issues, Brexit for the UK, the outcome of the election for the U.S. and a mounting bad debt mountain in the eurozone, the financial markets are struggling to decide how their respective economies will fare. Unprecedented levels of Government debt threaten the entire financial system while the amount of QE being undertaken by the Central Bank and the threat of a move into negative interest rates will create a journey into the unknown. " 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.