12/03/2026
Volatility is likely to remain elevated as markets transition toward the second quarter with inflation, trade policy and central bank divergence firmly in focus.
Sterling remains under pressure following a seismic UK by‑election result and persistent BoE easing expectations.
The US Dollar struggles to extend its rebound as risk appetite improves and markets focus on today’s US–Iran talks. Sterling remains firm despite dovish BoE expectations, while the Euro holds above 1.1800 as trade uncertainty weighs on the Dollar.
The US Dollar loses momentum as risk appetite improves and markets digest Trump’s State of the Union address. Sterling strengthens despite dovish BoE commentary, while the Euro recovers as USD selling resumes.
The US Dollar rebounds as markets reassess the implications of the Supreme Court ruling and Trump’s rapid shift toward new national‑security tariffs.
Markets begin the week on edge as US trade policy uncertainty and geopolitical tensions dominate sentiment.