The euro has been the biggest currency loser from the Iran war so far, with European economies especially affected by rising oil prices. European Central Bank president Christine Lagarde will be talking today, as have other ECB interest…
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Sterling gained some ground yesterday, recovering to its best against the euro for close to a month – well before the new Iran war began – as bond yields and stock markets held firm. Following a better than…
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Despite the negative political mood music and handwringing over the UK’s defence embarrassments, on the economic front the pound has been in recovery. It has gained close to 1% on the euro over the past week, to its…
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The dollar eased overnight as markets latched onto the Iran diplomatic signal, but it remains well above where it started the week. The conflict has reinforced its role as the default destination when investors are nervous – and…
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The euro has edged higher against the dollar this morning, but it remains under heavier pressure than the pound thanks to the eurozone’s acute dependence on energy imports. The old rule of thumb still holds – when oil…
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The pound’s modest recovery this morning is welcome after a bruising few days, but it masks a deeper shift in market expectations. Financial markets now price just one Bank of England rate cut for the whole of 2026…
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Markets are still trading the same story, but the mood shifted overnight. Reports that Iranian operatives have indirectly approached the CIA to discuss terms for ending the conflict gave investors a reason to exhale – and the dollar,…
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The rapidly escalating crisis in the Middle East is wreaking currency havoc. Sterling has strengthened by close to a cent against the euro since the start of the week, but just how long it can maintain that remains…
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