Region: North America

Sterling extends slide after Bailey’s warning. Dollar’s safe haven support. Euro retreats amid cautious mood.

Volatility erupts on Iran-Israel conflict. Mixed US data keeps another 50 in play. Eurozone inflation drops below 2%.

A sterling Q3 performance for the pound. Dollar benefits from trimmed 50bps cut bets. Soft inflation strengthens the case for an ECB October cut.

All eyes on US jobs report. BoE pricing poses a risk to pound. Cooling inflation may prompt ECB to cut in October.

Worst Q3 since 2010 for USD. Quality Q3 for quid. Euro lifted by quarter-end flows.

Dollar’s rebound might be short-lived. Pound pulls back as expected. Euro rejected at $1.12 for second time in 2024.