Covid-19 Update


Navigating the FX markets through the Covid-19 Pandemic

Ever since coronavirus was labelled a global pandemic, it has unfortunately spread very fast around the world, but not just through people- through economies as well. A country's currency is directly or indirectly linked to its economy, so as economies are beginning to falter, so are their respective currencies.

We have seen rate cuts along with large amounts of QE across many countries to try and lessen the blow of the virus.

As we are aware the currency markets are very sensitive and do not react well to unexpected global events. With this outbreak spreading with no signs of slowing this is affecting trade worldwide and therefore this has made the FX markets even more volatile than they already are.

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