Region: Europe

Geopolitics returns to the fore. Traders trim BoE rate cut bets. Euro’s rebound likely fleeting.

Equities and oil rebound. Trade war growth negative, inflation positive. Higher pound volatility expected next year.

Cautious Fed keeps dollar elevated. Nothing to go by at $1.0550. UK data dump looms.

Dollar flirting with fresh 1-year high. ECB cut 100% priced in. UK growth slows over summer.

In-line inflation fails to cool dollar’s surge. Euro breaks below $1.06. Sterling’s rout deepens.

Trump’s trifecta. European underperformance continues. Pound under the pump.