18/03/2026
Sterling remains relatively firm against both the Dollar and Euro, but the outlook is clouded by diverging central bank policies and ongoing geopolitical uncertainty.
Today’s focus will be on the ECB’s policy decision and President Lagarde’s press conference, which could drive significant moves in EUR pairs.
The US Dollar remains under sustained pressure as growth concerns, geopolitical uncertainty, and shifting expectations around Trump’s tariff strategy weigh on the currency.
Markets are bracing for ongoing volatility as Trump’s tariffs come into effect, prompting retaliation from Canada and China.
The Pound started the week on a more positive note, supported by cautious BoE policy expectations and optimism around a possible Ukraine truce.
As we move into March, trade tensions will likely remain a key driver for global currency markets, with the US Dollar expected to retain its safe-haven appeal if uncertainty persists.