The end of Q1 and beginning of Q2 saw the global economy in a position that it had not previously seen as lockdown hit the Western economies.
Our Quarterly Report provides context on the UK, US and Eurozone markets of last quarter and highlights what we believe will be the focus of each of these regions over the coming months.
In this report we will focus on the action central banks and governments have taken and the resulting effect on volatility.
In this paper we will highlight some of the key factors that could drive GBP, EUR and USD exchange rates over the coming months as well as displaying institutional forecasts on GBPUSD, GBPEUR and EURUSD.
Covid-19 may have started as a health crisis, but it quickly switched into an economic and social one. The US lost more than 20 million jobs in a two-month period. Growth forecasts globally were slashed by double figures as the world is facing a situation which it has not seen in modern times. In the second half of the quarter, we started to see green shoots emerge as lockdown restrictions eased across the globe. What does Q3 hold?
Finally, we will provide some analytic data from two sources. The first is a survey of 200+ treasury departments which highlights their focus and their views of the lockdown duration. In the second, we will display the currency forecast taken from Reuters at the start of April; giving businesses an idea of what the potential ranges could be for GBPUSD, GBPEUR and EURUSD based on the view from 40+ financial institutions.
Read the full report: IIFX_Economic Outlook_Q3 2020
Subscribe to receive our updates in your mailbox!
This blog post is intended to provide you with information on the services Infinity International Limited (IIFX) offer and should not be interpreted as advice or as a solicitation to offer to buy or sell any currency or as a recommendation to trade. Foreign exchange rates provided therein are for indicative purposes only and are not intended to give an accurate reflection of current currency exchange rates or to predict future movements in currency exchange rates. IIFX is a company registered in England with registered number 06333730 and registered address at Third Floor, 24 Chiswell Street, London, United Kingdom, EC1Y 4YX. IIFX is authorised by the Financial Conduct Authority under the Payment Service Regulations 2017 (FRN: 567835) for the provision of payment services. IIFX is authorised and regulated by the Financial Conduct Authority in the conduct of designated investment business (FRN: 671108).