Region: Europe

  • Awaiting signals

    Awaiting signals

    Dollar range-bound as narratives struggle to advance. Losing carry in a low-vol world. Gilt volatility keeps GBP on edge.

  • US strikes cloud peace deal prospects

    US strikes cloud peace deal prospects

    From tactical noise to structural strength. Hormuz uncertainty caps EUR/USD. GBP/EUR flirting with 2026 highs.

  • Data divergence underpins dollar resilience

    Data divergence underpins dollar resilience

    Geopolitics keeps markets whipsawing. From EUR stability to building downside pressure. Harder to knock sterling lower.

  • Desensitised

    Desensitised

    Emboldened safe-haven bid. Downside bias builds. Supported by risk not rates.

  • Risk sentiment sapped by global bond rout

    Risk sentiment sapped by global bond rout

    Bond selloff, USD gains. Rates volatility adds to EUR downside pressure. Soft UK inflation meets hard constraints.

  • The stress test nobody asked for

    The stress test nobody asked for

    When higher yields start to bite. Euro’s hopes rise, then fade. Pound firms as Burnham fears recede.