Region: Europe

All eyes on US inflation. Retail therapy for the pound. Trading on thin air.

Why the bifurcated economy defies recession calls. Treading water at 1.16. Sterling softens, as cuts creep in.

Immune to noise, hungry for data. France risk meets 1.16. Soft prints, softer sterling.

Strong earnings and global calm ease banking jitters. Mean reversion, minus momentum. Pressure points – front to long end.

Inflation in focus. Realignment, not breakout. Sticky inflation, stuck policy.

Dollar eases on credit concerns, Fed tone and political uncertainty. Cycle highs in sight, but still a test. Short-lived strength, long-term strain.