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Warsh it is!
Warsh viewed as the firmer hand. Pullback extends as risk off bites. Sterling caught in the risk-off squeeze.
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Improved US outlook gets the Fed’s stamp
Fed revives the macro story, dollar stays muted. Technicals cool off, bullish bias unchanged. Pound riding global flows without domestic fuel.
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Dollar on the back foot
Two headwinds, one amplifier. Sterling finds lift only on big (positive) surprises. Fresh 4-year highs in sight.
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Hot economy, thin credibility
King Dollar’s heavy golden crown. Best day in more than a month. Labour weakens, sterling waits.
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Greenback keeps control
Greenback holds the high ground. Euro softens as consolidation deepens. The puzzle of a positive day that didn’t deliver.
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Still running hot
Dollar bears grapple with growth expectations. Volatility too quiet for comfort. Gilts lean into the soft patch.