by Christopher Nye | Mar 2, 2026
The pound has weakened to its lowest point against the US dollar and euro since mid-December following the US and Israeli strikes on Iran. Retaliatory strikes from Iran have now stretched as far as Dubai and British interests in Cyprus. Some hints had already hit the...
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by Charles Purdy | Mar 2, 2026
Markets go into Monday with one word on their mind: risk. The US and Israel’s strikes on Iran began early on Saturday, but hints had already hit the markets on Friday with a negative impact on sterling. The main risk is oil. If the oil price spikes it will bleed into...
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by Christopher Nye | Mar 2, 2026
Sterling ended Sunday night softer against both the dollar and the euro, reflecting that early risk-off tone. When markets get nervous, the pound is an effective barometer of sentiment – fine when confidence is high but weakening when the markets take fright. What...
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by Christopher Nye | Mar 2, 2026
The euro has been pulled in two directions: a touch firmer against sterling, but softer against the dollar. That’s a familiar pattern when risk aversion is the dominant theme – the dollar takes the safe-haven oxygen, while Europe’s proximity to energy shocks keeps...
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by Christopher Nye | Mar 2, 2026
The dollar has started the week with investors leaning on it as the “default” shelter when headlines turn ugly. That’s helped it keep the upper hand against both sterling and the euro into Monday’s open. The wrinkle is oil. If higher crude starts to look sticky, it...
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