Currency round-up webinar: 
July 2020

Currency round-up webinar: July 2020

What happened to the currency markets in July?

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Watch our 'July monthly currency round-up' webinar

July saw some positive developments as more of the UK reopened with the support of a VAT cut for the hospitality and leisure industry from 20% to 5%, as well as further details in the Chancellor’s Summer Statement of the job retention and kick-start schemes.

The picture was not entirely optimistic though, several major high street retailers announced job cuts amid falling sales and the OBR warned that tax rises and spending cuts are inevitable. Discover the highs and lows of the FX market in July, including:

  • The movements of the pound, euro and US dollar
  • Investors cast their eyes back to Brexit
  • The result and impact of the EU Summit
  • Pressure on the US as coronavirus cases rise and the Presidential election looms

 

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