George Vessey, Lead FX and Macro Strategist
With 10+ years in financial services, George blends macroeconomic expertise with technical analysis to help global businesses navigate currency volatility and build effective risk management strategies. George is frequently quoted in leading financial publications, including Bloomberg and Reuters.
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Dollar weighed down by macro and Powell
US disinflation is in full swing and led to the first back-to-back weekly loss of the US dollar since the end of April. Sterling jumped to its highest in a year, boosted by the UK macro backdrop. Another interesting week beckons – on net, we think it could be a dollar negative macro flow.
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UK economy grows at double expected pace
Pound jumps to 4-month high. Will CPI shake FX markets? Euro mildly bullish versus dollar.
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Focus shifts to Fed Chair whilst France in limbo
Powell heads to Capitol Hill. Euro shrugs off French election snafu. Sterling retraces after retail sales miss.
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France faces hung parliament after surprise election result
Euro slips on a political deadlock. Dollar awaits Powell, CPI. BoE back in focus for pound.
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Politics fading, back to the macro?
The tug of war between politics and policy is keeping FX markets on edge. Sterling was unfazed by Labour’s victory, but BoE cuts are coming. Will Biden drop out of the US election and how will Fed easing bets change with the upcoming US inflation report?
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Calm markets take UK election in their stride
Sterling steady after Labour landslide. Dichotomies in markets. Watch out for US jobs report!