The summit's commitments have received a warm reception from figures in the financial services industry - with one suggesting that recovery could help the pound to strengthen.
Financial experts have largely welcomed the agreements by global heads of state made at yesterday's G20 summit.
Members pledged to treble the size of the International Monetary Fund (IMF) to $750 billion at the London meeting. A broad-focused strengthening of the global regulatory framework was also agreed on, as was an extra $250 billion of spending aimed at boosting levels of economic output.
Financial services experts were united in agreeing that a strong policy response to the downturn was necessary. Stephen Haddrill, director general of industry group the Association of British Insurers, said that the G20 statement "made valuable commitments to ensure an open world economy, strong markets and effective financial institutions".
There was also support for summit host Gordon Brown from Nick Clegg, leader of the Liberal Democrats. "Gordon Brown has clearly passed the test as a host to the world," he commented.
"To close the gap between his rhetoric and lack of real action Gordon Brown must urgently close the massive loopholes in the British tax system and force British banks that are owned by the taxpayer to finally start lending to British businesses."
Looking ahead, one currency specialist suggested that an economic turnaround could be on its way - as well as a general strengthening of the pound. "The G20 announcement is largely geared towards measures aimed at rejuvenating the global economy," Alex Dunn, senior analyst at CaxtonFX, said. "Investors are likely therefore to shift away from the safe haven dollar and towards higher risk currencies such as sterling."
