Region: Europe

Retail strength vs. rate path reality. Euro extends to 4-year high. Sterling breaches 1.36 – but can it hold?

Dollar and yields drift lower. Pound trading at 2-month high. Policy split fuels euro rise.

US Dollar cruises on tepid waters. The path to $1.20. Hawkish hold, fragile ground.

Inflation lands, Fed cut locked in. ECB optimism lifts the euro. UK economy flatlines in July.

Dollar stays soft as Fed easing bets grow. Euro’s muted moves. Risk sentiment buoys sterling.

It wasn’t resilient after all. No firepower for euro yet to reclaim July highs. Pound’s disconnect between market positioning and price action.