24 November 2020 - Bailey sees no deal as more damaging than the Pandemic

"As Brexit talks resume again this week following a pause brought about by a Coronavirus scare, the pressure for a deal to be found appears equalised between both sides. Andrew Bailey, the Governor of the Bank of England spoke yesterday of his concerns over no agreement being reached before the termination of the transition period on 31st December. He believes that the chaos that has been wrought upon the entire population by the Coronavirus Pandemic could be dwarfed by the effect on business, and ultimately the economy, by no deal. Were the country hit by both a Pandemic continuing well into the New Year and an agreement failing to be reached it could affect the country for decades. However, he went on to say that an agreement would help the country recover from the current crisis. " 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.