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Policy rates have peaked but big data looms
Five questions going into the week. Macro data to drive FX this week. No hike, but “high for longer” message expected.
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ECB in spotlight as sentiment sours
Dovish signals mount ahead of ECB decision. Dovish BoE outlook weighs heavy on pound. Mortgage rates hit 23-year high.
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Dominant dollar rebounds after setback
When there is no alternative to the dollar. Pound heavy on US/UK growth outlook divergence. Data releases erase weekly EUR gains.
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Risk sentiment improves as yields retreat
Ackman puts the lid on US yield surge. Pound breaks north of trendline as PMIs loom. Euro breaks above $1.06 on lower oil and US yields.
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War lingers but focus shifts to macro again
Three implications from two weeks of war. Big week for Europe – is the continent bottoming? Risk-sensitive sterling suffers.
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Investors embracing higher yields
Has the Fed lost control over the 10-year yield? Euro set to record best week since July. GBP/EUR at 5-month low after retail sales miss.