Last week's Bank of England policy meeting was positive for the pound, decreasing downside risks as confirmation was given that negative interest rates won't be introduced for now. While the BoE continued to display a relatively optimistic outlook for the UK economy, Lee Hardman, Currency Analyst at MUFG, considers whether this could be put at risk as the UK economy looks set to struggle in the coming months.

As announcements about job cuts linked to COVID-19 continue to grow, along with the heightened risk of a disruptive Brexit outcome, Lee expects further policy easing will be needed in the coming months to ensure stability. Elsewhere, strains are building in emerging markets but will they help to support the US dollar more broadly? Click below to listen now.

If you can't see the media player above, you can also listen to the audio file using the following link on your computer or mobile device. The podcast is also published on Apple Podcasts and Spotify.

Download: Trouble on the horizon for the UK economy? The Global Markets FX Week Ahead Podcast (MP3)

You can view more insights from Global Markets Research on their dedicated website. Access requires log in details.


Follow Lee Hardman on Twitter for more global markets insights.