Region: Europe

Confidence crisis could extend. Euro has flipped from risk asset to safe haven. Pound plagued by volatility.

Aversion to US assets as sour mood resumes. Euro soars to 3-year high. US inflation relief. Pound eyes worst week since 2022 versus euro.

Biggest policy reversal in history. Bond sell-off went too far. Pound recovers with equities, but bonds pose a problem.

Tariffs kick in, volatility is rife. Turbulence to persist in FX. Euro surges again. Sterling caught in the crossfire.

Markets whipsaw on conflicting headlines. Europe to vote on retaliation measures. Tariff haven no more.