Region: Europe
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A month and quarter to remember
A sterling Q3 performance for the pound. Dollar benefits from trimmed 50bps cut bets. Soft inflation strengthens the case for an ECB October cut.
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Record-breaking risk rally
All eyes on US jobs report. BoE pricing poses a risk to pound. Cooling inflation may prompt ECB to cut in October.
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Erratic FX moves into month and quarter end
Worst Q3 since 2010 for USD. Quality Q3 for quid. Euro lifted by quarter-end flows.
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Markets cheer more China stimulus
Dollar’s rebound might be short-lived. Pound pulls back as expected. Euro rejected at $1.12 for second time in 2024.
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US dollar index hits July 2023 low
Bleak US consumer data hits dollar. Pound’s momentum could slow. Euro benefits from risk on sentiment.
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China’s stimulus adds fuel to risk rally
Investors cheer Chinese stimulus measures. Pound reclaims €1.20 versus euro. Eurozone PMIs draw attention to growth risks.