The single currency has recovered some ground following the withdrawal of US tariff threats, as the Eurozone would have been the primary casualty of a trade war. However, gains are being capped by the European Central Bank’s cautious…
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Sterling is the clear outperformer today, buoyed by the dual tailwinds of geopolitical relief and shifting rate expectations. Yesterday’s rise in headline inflation to 3.4% has effectively taken an immediate Bank of England rate cut off the table,…
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The threat of a transatlantic trade war has lifted as quickly as it arrived. President Trump confirmed late yesterday that he is withdrawing the threatened 10% tariff on European and UK goods, averting what markets feared would be…
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The pound weakened to its lowest level against the euro in more than two weeks on Tuesday, a day that featured more grandstanding and trade threats between the United States and Europe.
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Sterling held up reasonably well against its major peers as the dollar softened amid risk-off trading. UK data this week was mixed, but the broader market move has been driven by demand for alternatives to the US currency…
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The euro has softened alongside other risk assets as tariff threats and geopolitical uncertainty weigh on sentiment. European stock markets were lower in sympathy with US declines, and that risk-off tone has put mild downward pressure on the…
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The US dollar has retreated from recent strength, with traders moving toward safe havens like gold and government debt. The slide comes as the S&P 500 posted significant losses and risk appetite dipped sharply. With markets focused on…
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Global markets were rattled on Tuesday as renewed US threats over Greenland spilled into financial markets.
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