by Charles Purdy | Feb 2, 2026
Economics and central banks are the big story this week, with interest rate decisions on both sides of the Channel. However, for at least the third Monday morning of 2026 political news from the US is muddying the waters – this time in the shape of a partial US...
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by Christopher Nye | Feb 2, 2026
The dollar finished last week stronger against both sterling and the euro, but looking like a classic dead cat bounce. Now it begins this week with politics doing what it does best: grabbing attention. The US shutdown story adds a fresh layer of uncertainty at exactly...
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by Christopher Nye | Feb 2, 2026
After hitting its best against the US dollar since the last days of the pandemic in spring 2021, the single currency was knocked off its perch late in the week. The headline inflation number from the countries we’ve seen so far this month suggests that the regional...
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by Christopher Nye | Feb 2, 2026
After a strong start to last week for GBP/EUR it hits February 0.6% up on a month ago. It was a week where GBP/USD marched up the hill and then straight down again, but it remains close to its best for nearly five years. The key event risk is Thursday’s Bank of...
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by Christopher Nye | Feb 2, 2026
Markets were meant to start this week second-guessing central banks. Instead, they have a far messier backdrop: a partial US government shutdown driven by a row over immigration enforcement (ICE) funding. The risk of that saw the dollar hit a near-five-year low last...
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