27 May 2020 - Sterling rising but still looks fragile

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Beyond Currency by CurrencyTransfer.com

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"The Bank of England’s Chief Economist Andy Haldane in an interview yesterday said he saw the possibility of a shallower than expected recession given the fact that activity and output indices are already bottoming out. Haldane’s cautious optimism which counters the less factual and more gut-felt reactions of a month ago will be seen by the market as an indication that the Bank of England may have completed the extraordinary support it has been giving the market since the pandemic crisis began." 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.