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,…
Read more
›
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…
Read more
›
After benefitting from the crisis in the Middle East, the US dollar faces a couple of tricky labour releases before the week is out. Non-farm payrolls and unemployment data could knock the dollar from its perch after strengthening…
Read more
›
An interesting research note from Deutsche Bank yesterday highlighted the correlation between the euro and the price of energy. Essentially, for every 10% rise in the price of oil, there has been a 0.8% decline in EUR/USD since…
Read more
›
The Bank of England must chart a course through another crisis. Should the conflict in the Middle East persist, it may find cutting interest rates at the pace we expected just weeks ago to be a stretch. For…
Read more
›
The pound teetered on Tuesday after the rapidly escalating crisis in the Middle East ripped its way through commodities and into currencies and government debt.
Read more
›
The US dollar’s strong performance across another manic Monday proved it retains broad appeal as a safe-haven. It was also helped by an unexpected outperformance in the ISM manufacturing study, which again pointed to a resilient and dynamic…
Read more
›
Thanks to the crisis in Iran and economic news that told conflicting stories, the euro had a little trouble finding direction on Monday. Italy’s economic growth came in at a tepid 0.5% across the whole of 2025, but…
Read more
›
