Region: Europe
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Geopolitics returns to spotlight
Dollar snaps losing streak. Pound holding firm on UK rate outlook. Euro slips from $1.12 handle.
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Investors going all in after Powell nod
US dollar in freefall. Proud pound pounces to 2-year peak. Euro rallies on dovish Powell.
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All eyes on Powell at Jackson Hole
Dollar rebounds after US PMIs. Sterling’s support could fade. Euro’s momentum wanes going into Jackson Hole.
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Four Fed rate cuts fully priced in
Biggest downward payrolls revision since 2009. PMIs to further support sterling? Euro bulls may soon run out of steam.
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Pause in global risk rally
Jobs data revisions in spotlight. Pound stablising above $1.30. Euro climbs above $1.11.
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Easing bias supporting risk assets
Fed cuts are coming until proven otherwise. Sterling on track to retest July peak. Euro prints a fresh 2024 high.