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Forex and Interest Rate Outlook -  June 2020

 

  • Covid-19 pandemic results in a very severe, deep global recession in H1 2020....
  • Sharp declines of up to 10% in GDP predicted for many economies in 2020...
  • Central banks everywhere ease policy aggressively with rate cuts...
  • Main currency pairs remain quite range bound despite economic instability and volatile markets....
  • Sterling softer in H1 2020 on numerous factors....
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