18 May 2020 - Brexit returns to haunt Sterling

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Beyond Currency by CurrencyTransfer.com

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"The pound had its worst week since the lockdown began last week as concerns over the pace at which the economy can recover from Covid-19 mixed with concerns over the intransigence of both sides regarding Brexit to create a toxic cocktail. The Government’s plans to provide a little comfort to the population in the shape of a marginal lifting of restrictions appear to be close to unravelling as Trades Unions try to ensure the safety of their members in light of what they consider to be the unplanned and uncontrolled of the return to work, in particular the plans to see children of certain ages return to school. This is slated by the Government to happen on June 1st but according to several Government ministers, this will only happen if it is safe to do so. " 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.