6 January 2021 - Economy to suffer as country grinds to a halt

"The spread of Coronavirus in England that has led to a new national lockdown has increased to such an extent that one in fifty is now infected. With new cases of the virus reaching more than 60k for the first time yesterday, there was little obstruction when the Bill to make regulations law was passed in Parliament last evening. As the latest restrictions take hold, a further significant fall in economic output is likely. Another recession beckons and Chancellor Rishi Sunak allocated a further four billion pounds in grants to those most affected yesterday. The official definition of a recession is where two consecutive quarters suffer a contraction of GDP is likely to be fulfilled with Q4 ‘20 and Q1 ‘21 seeing falling growth. " 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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