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On-again, off-again war leaves sterling in limbo

The optimism that emerged on Friday has turned to bitter resignation after another wild weekend of headlines. Hopes of an end to the energy crisis were dashed by Iran’s insistence on “strict control” over the vital oil waterways, while Sir Keir Starmer faces a week...


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USD: Another flight to safety?

After backtracking a little in the previous week, will we see another safe-haven bounce for the US dollar? The only real economic stumbling block is this week’s retail sales report, which currency markets are likely to view as small potatoes compared to the most...


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EUR: Focus on rates

Several decision-making European Central Bank members are due to speak this week. Expect some closely guarded words that, while cryptic, may ultimately move the euro alongside whatever happens in the Strait of Hormuz. GBP/EUR: the past year 1 Min 5 Min 1 Hr 1 Day 1 Wk...


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GBP: Volatile forces

Sterling is being buffeted by volatile forces to begin the week. February’s strong GDP release has been somewhat overshadowed by the drama in Westminster and the crisis in the Iran. All this could change by the time inflation data comes out on Wednesday, though....


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On-again, off-again war leaves sterling in limbo

Currency markets again find themselves battling a situation that has changed materially over the course of the weekend. Optimism turned to bitter resignation by Monday as hopes of an end to the energy crisis were dashed by Iran’s insistence on “strict control” over...


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