by Ryan Morrison | Mar 5, 2026
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 with the situation in the Middle East...
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by Ryan Morrison | Mar 5, 2026
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 surges, Europe pays a disproportionate...
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by Ryan Morrison | Mar 5, 2026
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 – down from at least two at the start of the...
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by Ryan Morrison | Mar 5, 2026
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, which had surged roughly 2%...
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by Jonathan Cook | Mar 4, 2026
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 something of an open question. In Westminster, the...
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