Eight Rate Decisions Set the Stage for a Volatile Week

Last week was a difficult one for Sterling. Cable closed out the week at 1.3220, and with oil prices breaching $100 per barrel once again, the broader macro backdrop remains […]
Energy Markets Surge as Strait of Hormuz Disruption Shakes Global Outlook

The past week has been unlike almost any other in recent memory for global markets. The joint US–Israeli military campaign against Iran, launched on 28 February under the codename Operation […]
Markets Brace for Tariff Escalation as a Lighter Data Week Approaches

Last week closed with renewed volatility as geopolitical tensions between the U.S. and Iran intensified, alongside the Supreme Court’s ruling on President Trump’s tariff measures. Markets initially reacted positively to […]
Volatility Returns as Dollar Swings and Sterling Faces Political Pressure

Markets have been particularly volatile over the past week, with the FX space dominated by a clear tug-of-war between a softer US Dollar, shifting risk sentiment and regional political developments. […]
Sterling Surges as Trade Tensions Ease and Volatility Returns

After an extremely volatile week in the markets, Sterling finished significantly stronger, driven largely by a sharp de-escalation in trade tensions. President Trump reversed proposed tariffs on Europe and the […]
Geopolitics Drive Volatility as Markets Face a Pivotal Week Ahead

The weekend has already delivered plenty for markets to digest, with renewed volatility driven by geopolitics rather than economic data. The most notable development has been President Trump’s announcement of […]
Sterling Loses Momentum as US Data Reshapes Rate Expectations

Last week started positively for Sterling, with the Pound strengthening against most major currencies through the early part of the week. However, by Friday the tone had shifted. Sterling gave […]
Markets Reawaken as Dollar Weakness and Geopolitical Risk Return

The holiday period in both the UK and the US is now behind us, and with it we are seeing liquidity return to the markets and a gradual shift back […]
2025 Wrapped: Currency Market Review and Strategic Outlook for 2026

Dear Partners and Clients, As we reach the final days of 2025, the currency markets stand at a fascinating crossroads. This year has been defined by a Great Divergence, a […]
Sterling Steadies as Markets Watch a Big Week for Central Banks

The first week of December was relatively quiet, which many in the market welcomed. We did see the US Dollar lose some momentum, and the British Pound managed to recover […]