The Prime Minister appears to have decided against calling an early election, commenting yesterday that he is working on the assumption that the election will be held in the second half of the year.These comments coincided with a growing belief that even if the country is shown to be in recession when Q4 GDP is published, the contraction will be shallow and won't last beyond the first quarter of this year.A report issued yesterday by Bloomberg Economics showed that inflation should reach the Bank of England’s 2% target by the Spring. This will allow the Bank to cut interest rates, providing a boost to an economy that had been in danger of stagnating.The Leader of the Opposition, Sir Keir Starmer, made the first of what is sure to be several speeches in which he plans to outline the differences between the two main Parties. He believes that the country is “crying out for change” and vowed to fight the election with the economy as a central topic. 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.