Market Updates
Central bank hawks dominate following inflation fears
1 min readHawkish central bank rhetoric dominated last week, with both the BoE and ECB firmly focused on inflation risks tied to the ongoing Iran conflict and volatile energy markets. The dollar sits in an unusual position: supported by safe-haven flows but held back by a comparatively less hawkish Fed.
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Central bank hawks dominate following inflation fears
1 min readHawkish central bank rhetoric dominated last week, with both the BoE and ECB firmly focused on inflation risks tied to the ongoing Iran conflict and volatile energy markets. The dollar sits in an unusual position: supported by safe-haven flows but held back by a comparatively less hawkish Fed.
Sterling and euro under pressure as oil swings drive rate expectations
1 min readConflict in the middle east continues to ripple through currency markets, with oil price swings driving rate expectations and keeping volatility elevated. This week sees central bank meetings from the Fed, BoE and ECB, all unlikely to deliver any interest rate changes.
Oil surge reshapes rate cut expectations and boosts dollar
1 min readEscalating conflict in the Middle East has become the dominant driver for currency markets, with oil surging above $100. Safe-haven demand has supported the dollar, while stagflation concerns and shifting central bank expectations keep sterling and the euro on the defensive.
Iran conflict underpins dollar as sterling stays fragile
1 min readThe escalating conflict in Iran and the wider Middle East this week triggered a classic risk-off response, including renewed dollar demand. Meanwhile, energy-importing currencies like the euro, are feeling the pressure.
Dollar strength and tariff developments weigh on euro
1 min readTariff rulings, US-Iran tensions and hawkish Fed signals are driving dollar strength, while resilient German data supports the euro and rising UK unemployment keeps sterling on the defensive.
Strong US jobs data caps sterling and euro gains
1 min readThe dollar found relative stability last week after a stronger than expected US jobs data print. Data releases this week will be the difference for our major currencies. Sterling steadied following political pressure last week, but expectations of a March BoE cut – with inflation data pivotal – keep it vulnerable.
Political risk meets policy divergence as pressure mounts on GBP/USD
1 min readIt’s politics and policy shaping major currency pairs at the moment, rather than the data coming our way. Sterling is feeling the pressure amid UK political uncertainty and a more dovish Bank of England, while the euro held steady following last week’s ECB meeting.
Dollar finds footing as Warsh named Fed chair following nosedive
1 min readSwings in the dollar once again dominate conversation with stability largely in place at the start of the week. US policy uncertainty and plenty of data releases will remain pivotal for broader direction in the week ahead.
Strong UK retail and services data support sterling
1 min readIn the past week, sterling and the euro have both found support from easing geopolitical tensions and pockets of resilient domestic data. The dollar, on the other hand, remained weighed down by policy uncertainty and questions around Fed independence.