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Markets eye ECB and dollar dynamics
Hopes for “Fed put” fade. Trade tensions overshadow retail sales boost. Tariffs clear way for ECB cut. Sterling’s diverging paths.
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Calm waters, stormy depths
Trade uncertainty weighs on US assets. Pacey euro appreciation to force ECB’s hand. Pound mixed after slower inflation.
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Lacking clarity and confidence
Dollar faces mounting pressure. Euro emerges as an attractive alternative. Pound steady after jobs report.
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US assets shunned, euro shines
Aversion to US assets as sour mood resumes. Euro soars to 3-year high. US inflation relief. Pound eyes worst week since 2022 versus euro.
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Trump yields to Treasury market
Biggest policy reversal in history. Bond sell-off went too far. Pound recovers with equities, but bonds pose a problem.
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New wave of tariffs officially unleashed
Tariffs kick in, volatility is rife. Turbulence to persist in FX. Euro surges again. Sterling caught in the crossfire.