21 December 2020 - UK facing Covid calamity as Europe closes its doors

"The chances of the UK escaping an economic contraction in Q1 are fading fast. Prime Minister Boris Johnson finally acted on Saturday to tighten Covid limitations. He created a new tier four in which he changed the relaxation of restrictions for Christmas. In the south east of the country restrictions will not be lifted at all while in other areas the Christmas relaxation has been reduced from five days to Christmas Day only. Tier Four is a further blow to the retail and hospitality sectors as all non-essential shops will have to close and the traditional Post-Christmas Sales will now be cancelled. With restrictions likely to stay in force well into the New Year, the prospects for the economy have become severe. " 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.

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