May 07, 2020 | Risk Management

Market events and currency guide - May 2020

Providing your business with the latest market outlook and FX scenarios.

Written by George Vessey, UK Currency Strategist 

Currency markets have endured a rollercoaster few months as result of the coronavirus crisis. Lockdowns and unprecedented monetary and fiscal action has contributed to the type of market turbulence not seen since the Financial Crisis in 2008.

Focus is now turning to the lifting of lockdown measures and whether economies can successful reopen. Will optimism spur on risk appetite or will a second wave and prolonged lockdowns send markets into another spin?

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*Source: UK FX Barometer 2019 – Western Union Business Solutions