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Expert market insight and updates to help you navigate the ever changing global currency markets
The key developments in financial markets continue to take place in the US Treasury market.
The euro finished the week at the bottom of the G10 rankings on concerns that the war in Ukraine will not stop any time soon, as well as jitters about the French presidential election.
The Euro, together with the Swedish Krona and the Swiss franc led the G10 rankings last week.
The worldwide inflationary episode continues to upend expectations and historical correlations.
Stock markets and risk assets generally posted impressive moves last week, discounting the impact of the Russian invasion of Ukraine and treating Fed hawkishness as a case of “buy the rumour, sell the news”.
Sterling fell against its peers after Thursday’s Bank of England announcement was much more dovish than the market had anticipated.
Thursday’s Bank of England announcement was much more dovish than we had anticipated.
The Federal Reserve raised interest rates for the first time in the pandemic era on Wednesday, while materially upgrading its expectations for both inflation and interest rates in 2022.