Region: North America

Yields hit yearly lows. When tariffs backfire. BoE rate cut expected, mind vote split. Euro back above $1.04.

Trump switches targets. Old-fashioned rhetoric? Euro stronger but risks remain. Some relief for pound bulls.

Trading blows. Hoping for an early deal. Monetary divergence another euro headwind. The UK is not immune.

Dollar surges as tariffs set to take effect. USMCA no more. Euro to parity risk increases. Pound at risk of dovish BoE.

ECB cuts pushes equities to record highs. Uncertainty about growth and tariffs. Pound lacking conviction, BoE in focus next week.

Wait and see. Technicals still not supportive. Fed not ready to pivot. Sterling indifferent to Reeves’ speech.