The start of 2016 has already seen volatile swings in currency markets with sentiment among investors and traders turning to risk aversion and a ‘flight to safety’ to safe haven currencies such as the US dollar which has been one of the main beneficiaries.
The main concerns at present are to do with the continued slowdown in China’s economy (as highlighted by recent manufacturing data) and the growing tensions in the Middle East between Saudi Arabia and Iran.
Data released this week has also confirmed a slowdown in the UK’s economic growth …