by Charles Purdy | Apr 13, 2026
Currency markets are heading into Monday wondering what happens when talk turns into action. Washington said it will move to a naval blockade of the Strait of Hormuz after US–Iran talks ended without a deal. Tehran has responded in kind. Why does that matter for...
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by Christopher Nye | Apr 10, 2026
The US dollar has steadied after giving ground during the ceasefire euphoria. This is classic risk sentiment: when investors feel less sure about the news the dollar finds support. The next test is whether the ceasefire holds in practice. Coming up later today is the...
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by Christopher Nye | Apr 10, 2026
A similar story for the euro, with European business facing the same problems as the UK, being a heavy oil user without its own supply. The risk is that, like the last oil shock when Russia invaded Ukraine, it sends inflation shooting up. As it happens we have final...
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by Christopher Nye | Apr 10, 2026
It’s been a balanced week overall for sterling: significantly positive against the ‘safe haven currencies’ of the US dollar, yen and Swiss franc and more negative against the antipodean dollars and Scandinavian currencies, with GBP/EUR in the middle, barely moving....
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by Christopher Nye | Apr 10, 2026
After the rush midweek, when the pound gained 2% on the dollar over 24 hours, GBP/USD was in more doubtful mode yesterday, although it has held onto most of the gain. A similar story against the euro, but GBP/EUR is now back to where it was before Easter. The cause of...
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