There is growing optimism that the beginning of the end of the pandemic is near. The newest predictions expect a more rapid recovery of the global economy, with most countries having avoided a ‘double-dip’ recession.
With global trade also recovering rapidly, FX will be a major concern. The US Federal Reserve holds interest rates at near zero as does the Bank of England (BoE) but with the BoE also considering negative rates. In Washington, the Biden administration pushes ahead with a $1.9trn stimulus package and the UK’s 2021 Budget is expected to bring more support for businesses in recovery.
In this Financial Director webinar, in partnership with Western Union Business Solutions, we will take a closer look at how recovery will affect FX volatility and what a year of quantitative easing (QE) and new recovery stimulus means for currency markets.
• How will reopening/recovery affect FX volatility?
• The effects of global QE
• Stimulus and FX