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Locked in a “wait-and-see” mode
Dollar holds ground amid noise. Euro sidesteps into June. A miserable May for sterling.
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Tentative truce, restrained optimism
US-Iran deal in sight? Euro sentiment turns subdued. Pound flat on the week, down on the month.
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US strikes cloud peace deal prospects
From tactical noise to structural strength. Hormuz uncertainty caps EUR/USD. GBP/EUR flirting with 2026 highs.
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Data divergence underpins dollar resilience
Geopolitics keeps markets whipsawing. From EUR stability to building downside pressure. Harder to knock sterling lower.
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Risk sentiment sapped by global bond rout
Bond selloff, USD gains. Rates volatility adds to EUR downside pressure. Soft UK inflation meets hard constraints.
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The stress test nobody asked for
When higher yields start to bite. Euro’s hopes rise, then fade. Pound firms as Burnham fears recede.