Region: Europe

Surprise at the top. US data punches the euro. Dovish signals knock the pound.

Dovish, but not Fed dovish. Back to basics: fundamentals lead. Sterling’s strongest H1 in over a decade.

Cautiously optimistic. Euro ticks up, but trade progress may keep bulls cautious. Fed caution, BoE cuts: a tale of two paths.

Soft enough: doves in command. Euro bulls charge back. GBP/USD highest since 2021.

Not just weak dollar: Europe’s turn to prove itself. Not an exodus, but recalibration. Sterling’s reality check.

Greenback on the back foot. Bulls in Frankfurt, doves in DC. Sterling rides the risk-on wave.