Region: Europe

Trade uncertainty weighs on US assets. Pacey euro appreciation to force ECB’s hand. Pound mixed after slower inflation.

Dollar faces mounting pressure. Euro emerges as an attractive alternative. Pound steady after jobs report.

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.