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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.
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Dollar at 4-week high before twin risk events
Jobs and judgements in focus. Sterling’s structural headwinds persist. Jobs jolt poised to shake EUR/USD.
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Risk appetite cools, dollar firms
Signals beyond Venezuela. Digesting the US data deluge. Rate spread widens, jobs data holds the trigger. Pound softer amid risk off tone.
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A changing world sets the tone for 2026
Geopolitics supporting the dollar. Euro moves made in America. Pound punches through 3-month highs.
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Firm dollar, fading yen
US inflation undershoots all forecasts. Japanese yen back at lows after BoJ hike. Pound’s short-lived relief rally after BoE cut. ECB sticks to script.
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Post-meeting drift: GBP, EUR, JPY slide
Pound’s short-lived relief rally after BoE cut. ECB sticks to script. US inflation undershoots all forecasts in November. Japanese yen back at lows after BoJ hike.