Region: Europe

No relief as dollar hits 2026 high. UK stagflation fears mount, pound falls. Surging oil prices drags euro to seven-month low.

CPI delivers calm, geopolitics steals the spotlight. Sterling resilience has limits. Still reliant on sustained energy flows.

Oil big swings on headline shifts. De-escalation is best for euro. Pound’s next test sits near $1.35.

Oil-driven dollar strength fades. Euro rebounds from four-month low. Pound’s positioning buffer.

Strong dollar, shaky foundations. Hawkish repricing ignites as inflation risks rise. Stagflation fears are back on the agenda.

What past crises tell us, and what matters next. Why is the euro under pressure? Pound’s yield advantage but risk-off trap still open.