30 September 2020 - Bailey warns on economy and rates

"BoE Governor Andrew Bailey injected a sense of reality into the UK’s potential recovery as he branded it inconsistent but slowly improving. Bailey also added his take on the conversation around negative rates commenting that the media had read too much into recent comments. Bailey went on to say that he felt that the economy would be between 7% and10% weaker this quarter than it was at the end of Q1 when the Pandemic really hit. Three days of intense Brexit negotiation between Westminster and Brussels began yesterday with the lingering rumour of a potential breakthrough still hovering over the talks. " 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.