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Fundamentals back in focus
Green shoots break through UK gloom. Positioning into the Fed meeting. Still no break from 1.17.
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De-escalation offers relief
“TACO” trade still alive and well. Euro caught between sentiment and fundamentals. Sterling’s bounce meets macro reality.
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Global risk pulse reignites volatility
Dollar stumbles as trade risks multiply. Greenland standoff lifts the euro. GBP rises against USD, falls against EUR.
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Trump rocks Europe with tariff threat over Greenland
Tariff certainty is a myth. De-dollarisation risk resurfaces. How durable is euro’s resilience? Unclear easing path dampens GBP sensitivity.
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Not soft enough: dollar supported
USD showing resilience near 1-month high. Euro range bound by rate reality. Reading between the MPC lines.
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Fed under fire, inflation in focus
Fed risk simmering, dollar holds solid. Dollar resilience caps euro ambition. Pound close to 10-year average.