Market News

Inflation risk returned this week as a jump in oil prices, fresh tariff threats and sticky inflation revived the prospect of rates staying higher for longer. The Dollar stayed supported, Sterling held on sticky UK CPI, and the Euro drifted, ahead of a rare week in which both the Federal Reserve and the Bank of England decide. This week's currency market news for globally mobile families, from our partners at Agility Forex.

Sterling outperformed the major currencies as improving UK political sentiment turned from a headwind into a tailwind, lifting GBP/USD to a two-month high near 1.3550 and GBP/EUR above 1.18. Softer US inflation, with headline CPI at 3.5% and the first monthly fall since April 2020, pulled the Dollar lower. This week’s currency market news for globally mobile families, from our partners at Agility Forex, ahead of UK CPI and the ECB decision.

Geopolitics took control of the markets. Renewed US-Iran tensions and oil approaching 80 US Dollars a barrel sent investors back into the safe-haven US Dollar, reversing Sterling's early-week gains and leaving Cable in the familiar 1.33 to 1.34 range. This week's currency market news for globally mobile families, from our partners at Agility Forex, with US CPI the standout release ahead.

The US Dollar came under pressure after June Non-Farm Payrolls added just 57,000 jobs against 114,000 expected, pushing markets toward Federal Reserve rate cuts later this year. Sterling reached a one-year high against the Euro. This week's currency market news for globally mobile families, from our partners at Agility Forex.

Sir Keir Starmer's resignation opened the week, but the bigger story was a US Dollar leading every major in 2026 as US inflation rose above 4% and markets priced in more Federal Reserve tightening. This week's currency market news for globally mobile families, from our partners at Agility Forex, with Eurozone flash inflation and US Non-Farm Payrolls ahead.

A hawkish first FOMC under new Fed Chair Kevin Warsh lifted the US Dollar and left Sterling the weakest major, with GBP/USD down about 1.65%. This week's currency market news for globally mobile families, from our partners at Agility Forex, with flash PMIs and US Core PCE ahead.

Sterling held firm, the ECB raised rates to a 2.25% deposit rate, and a weaker Dollar lifted GBP/USD above 1.34. This week's currency market news for globally mobile families, from our partners at Agility Forex, with the Fed and Bank of England ahead.

US payrolls beat forecasts at 172k, Eurozone core inflation rose to 2.5%, and Middle East tensions lifted the Dollar. This week's currency market news for globally mobile families, from our partners at Agility Forex.