Market Updates
Middle East risk pulls GBP/USD both ways as data disappoints
1 min readConflict is keeping the majors penned into tight ranges, with safe-haven flows the clearest beneficiary. Middle East developments remain the dominant force across all three pairs this week, with risk-on/risk-off swings setting the tone.
Read more
Middle East risk pulls GBP/USD both ways as data disappoints
1 min readConflict is keeping the majors penned into tight ranges, with safe-haven flows the clearest beneficiary. Middle East developments remain the dominant force across all three pairs this week, with risk-on/risk-off swings setting the tone.
Sterling sinks as markets price in a new political reality for UK
1 min readSterling suffered its worst weekly drop since November 2024 last week as UK leadership challenges sent the pound and Gilts sharply lower. Hotter-than-expected US inflation data and a stronger dollar, added to the pressure.
Starmer speech fails to dent markets – for now
1 min readLast week’s local election results have plunged Starmer’s leadership into question, but continuing impact on currency markets remains to be seen. Sterling is supported by a broader risk-on sentiment, while the euro is held in check by growth concerns despite a ‘live’ ECB June meeting.
Looming political risk keeps markets on edge as central banks hold
1 min readA quieter week gives way to a pivotal one, with both the BoE and ECB meeting alongside the Fed. All are expected to hold rates, the question is what will the voting pattern look like? There’s also a packed calendar of data releases to keep an eye on.
Voting pattern in focus at BoE interest rate meeting this week
1 min readA quieter week gives way to a pivotal one, with both the BoE and ECB meeting alongside the Fed. All are expected to hold rates, the question is what will the voting pattern look like? There’s also a packed calendar of data releases to keep an eye on.
Sterling rally stalls on IMF growth downgrade and political pressure
1 min readGains across sterling and the euro remain fragile, even with de-escalation hopes and surging equity markets taking the shine off the dollar’s safe-haven bid.
Ceasefire optimism fades as markets brace for a pivotal week
1 min readA US-Iran ceasefire sparked a wave of risk-on sentiment last week but negotiations over the weekend made little headway, and markets are already pulling back. Central bank commentary will also be in focus this week.
Dollar steady as global uncertainty deepens
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.
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.