Region: Europe

Betting on lower volatility and rates. Betting on lower volatility and rates. Euro hovers near 2024 high.

Yields up, dollar up, on soft landing narrative. Pound holds gains after UK retail data. Euro tumbles as US defies expectations.

CPI not moving the needle. Sterling softens after UK CPI. Recovered sentiment propels euro above $1.10.

Milder US CPI after PPI miss? Pound drops on soft CPI print. Euro shrugs off ZEW miss.

Peak pound optimism? Cause for caution. Euro directionless ahead of US CPI.

New volatility catalyst. Data deluge to determine pound’s direction. Euro remains in a consolidation mode above $1.09.