It has emerged that the UK economy is currently around £140 billion smaller than it would have been had Brexit not taken place. A study by Cambridge Econometrics shows that by 2035, the “cost” of Brexit will have reached £300 billion. The study also shows that there are close to 300k fewer jobs in London than there otherwise would have been.Although the Government has paid a great deal of lip service to “levelling up” during this Parliament, the truth is that there continues to be a widening productivity gap between the Capital and the rest of the country. The largest impact has been in the employment market has been in the Construction sector, while most of the economic impact is being felt in the finance sector as major banks and finance houses are relocating their corporate head offices to European capitals like Paris, Frankfurt, or Brussels.On a brighter note, economists at Deutsche Bank estimate that headline inflation will fall to the Bank of England’s target of 2% this spring. This will supply further impetus to the growing calls for interest rates to be cut, which will in turn drive growth and encourage the jobs market.Beyond Currency Market Commentary:Aims to provide deep insights into the political and economic events worldwide that can cause currencies to change and how this can affect your FX Exposure.