21st February 2022 - Recession may be the cost to BoE

"When the MPC voted against a hike in interest rates last November, it is doubtful that they realized that their decision would lead them to the position they find themselves in now. Inflation is pretty much out of control now and consumers are facing a further cost of living rise in the coming weeks. The rising wholesale price of gas has its origins in several areas of the global economy and cannot be considered to be due to a single event. However, the timing of the significant rise in national insurance contributions is the brainchild of the Chancellor and is part of his plan to begin to recoup some of the expenditures that were seen during the Pandemic. It is also supposed to provide further funding for the NHS, but it is not clear where the funds will end up. The Prime Minister is making efforts to move on from partygate, despite being hounded by the press to answer whether he will step down should he be found to have broken the law. " 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.