North American Summary and Highlights 31 August

August 31, 2026 7:51 PM UTC

Overview - The USD saw a modest correction from its sharp Friday spike, led by EUR/USD. 

Preview: Due September 11 - U.S. August CPI - Firmer on energy and lodging away from home

August 31, 2026 1:55 PM UTC

We expect a slightly stronger US CPI in August, up by 0.4% overall, lifted by energy, and 0.3% ex food and energy, lifted by a correction higher in lodging away from home. Before rounding we expect overall CPI to rise by 0.37% and ex food and energy CPI to rise by 0.26%. Despite a firmer monthly cor

Chart GBP/USD Update: Room for deeper pullback

August 31, 2026 2:13 AM UTC

Break of support at the 1.3550 congestion see prices extending losses from the 1.3675 high to correct recent strong gains from the 1.3275, late-July low

Chart GBP/USD Update: Consolidating, but room for deeper pullback from 1.3675 high

August 28, 2026 1:47 AM UTC

Higher in range from the 1.3570 Thurday's low as prices consolidate pullback from the 1.3675 high of last week

ECB Account: Hard Not to Read Between the Lines on Sep

August 27, 2026 1:01 PM UTC

* Some members would not have opposed raising rates at the last meeting
* While decisions remained data-dependent, another rate hike would likely be necessary unless the inflation outlook improved significantly
* Market participants appeared to have a good understanding of the ECB’s reaction functio

U.S. July and revised Q2 Core PCE Prices on the firm side, Income and Spending also exceed expectations

August 26, 2026 1:37 PM UTC

While July’s core PCE price index came in at 0.2% as expected, before rounding the rise was 0.246%. Q2’s core PCE price index was revised up to 3.6% annualized from 3.4%, making the data a modest disappointment, which will sustain Fed inflationary worries, though is not quite enough to make a Se

North American Summary and Highlights 25 August

August 25, 2026 7:49 PM UTC

Overview - The USD was slightly softer as oil prices moved lower, as did UST yields.  

Bessent’s Buybacks - bluster, bazooka or brittle bet?

August 25, 2026 3:57 PM UTC

* Bessent’s buybacks – bazooka or peashooter? It depends on whether it’s a slippery slope. On current proposed scale, possibly only absorbs around 10% or so of gross long end Treasury issuance on duration basis
* Mooted TGA use is not a free $1trn money pot, though it could provide some short-t

Chart GBP/USD Update: Consolidating gains to 1.3675 high

August 25, 2026 2:12 AM UTC

Little change, as prices settled back in range from Friday's 1.3675 high