Business
"The UK economy is facing a series of headwinds that could halt the country’s recovery from the Coronavirus Pandemic in its tracks. First, the number of cases of Covid-19 is beginning to rise again with fatalities at a level not seen for six months, with NHS experts calling for the reinstatement of restrictions to create a firebreak. Second, the economy is being significantly affected by shortages of both raw materials and spare parts, as well as delivery issues that are holding up distribution of imports from the country’s ports. Finally, the Bank of England is having to consider the possibility of having to raise interest rates to head off rising inflation that Governor Andrew Bailey has been forced to accept is likely to continue to rise or at least remain at elevated levels well into next year. The issues being seen in the logistics sector, glibly dismissed as part of the transition away from the country's reliance on cheap labour post-Brexit, by the Prime Minister, could easily remain an issue for a significant period, forcing another U-turn. " 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.