Investors remain cautious after lockdown

As the economy returns to work, HYCM chief currency analyst Giles Coghlan sets out where investors are looking to secure their savings and protect their cash

It is difficult to pinpoint exactly what stage the UK has reached in its attempts to combat the Covid-19 pandemic. Social distancing measures have proven vital in drastically reducing the number of new cases, and as the country now transitions out of lockdown, the government has turned its attention to the economy.

Prime Minister Boris Johnson is advocating for businesses to return to the workplace and encouraging society to actively transition into what is now being termed the ‘new normal’. While not meaning to downplay the threats posed by the virus, the government also understands there will be severe financial repercussions if the economy is not kickstarted back into gear.

Like me, you might be erring on the side of caution at the moment. This makes sense, given there is simply too many unknowns to contend with when planning for the future.

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