USD/JPY Flows - was vulnerable, getting hammered

July 30, 2026 2:16 PM UTC

Big slump looks like opportunistic action, short yen squeeze had been brewing
Nervy mood to extend into BoJ

EUR/GBP, GBP/USD flows: Slight vote change but broad story looks similar

July 30, 2026 11:25 AM UTC

Sterling little changed after BoE; seems to leave broad story unchanged

EUR/USD Flows - ECB predetermined, Fed open minded? (Fed Williams, ECB Minutes)

July 9, 2026 2:21 PM UTC

ECB Minutes unsurprisingly hawkish given the decision and the presser, but do underscore the rigid view on the mmkt curve
Fed Williams meanwhile nods to upside risks, but mainly highlights 'collective reaction function' and open questions

EUR/USD, EUR/GBP Flows - Chilli yesterday, TACO today?

July 9, 2026 8:27 AM UTC

Familiar de-escalation comments follow yesterday's outburst and fresh exchanges. Mkt left waiting to hear from Iran
Fed Minutes highlight two scenarios and rate paths ahead. Iran and tech demand remain highly relevant
EUR/GBP meanwhile inching out the lows

USD Flows - Dangerous rhetoric loop?

July 8, 2026 2:55 PM UTC

Iran threat to close Strait adds to the ramp up
Danger that things get out of control in current rhetoric-action one-upping, even if result makes no sense

EUR/USD Flows - Trump shooting from hip at NATO, Iran MOU 'over' and Spain 'no trade'

July 8, 2026 8:32 AM UTC

Trump firing shots at NATO, aiming at Spain and Iran
MoU 'over' comments can spook oil and squeeze NOK (and CAD)

EUR/USD Flows - Mixed Le Pen outcome, France challenges regardless

July 7, 2026 1:01 PM UTC

Le Pen court ruling. Challenges for France in any case

EUR/USD, USD/JPY - Kospi lively; FX relatively subdued

July 7, 2026 6:41 AM UTC

Minor edge for the dollar and yen in limited range trade
Kospi has another lively session as pullback continues

EUR/USD, USD/JPY - miss on payrolls trims Fed bets, pulls dollar back

July 2, 2026 12:43 PM UTC

Payrolls misses, especially with revisions and, even with unemployment dip, gives the Fed more space to stay on hold
Takes some wind out of the dollar's sail, and makes USD/JPY exit look well timed

EUR/USD, USD/JPY, EUR/GBP flows: Cross consolidates break lower; dollar waits for payrolls

July 2, 2026 6:46 AM UTC

Waiting game ahead of payrolls holiday, some wariness over MoF
Dollar also checked since Warsh's comments
EUR/GBP the main interest in recent hours with the range breakdown

GBP/USD, EUR/GBP flows: BoE avoids hawkish surprise, cross drifting up off range floor

June 18, 2026 11:27 AM UTC

BoE delivers the expected 7-2 vote for unchanged
Small lift for EUR/GBP on confirmation and lack of hawkish surprise
Overall, recent action remains largely technical driven with the recent measured range bounce

GBP/USD flows: Labour mkt data steadier, focus on BoE, FOMC digesting

June 18, 2026 6:58 AM UTC

Labour market data better than last month at least
Focus on BoE with wait-and-see expected 
Slight backfilling and consolidation from the FOMC dollar move

GBP/USD, EUR/GBP flows: MPC's Greene more hawkish, but no great surprise

June 2, 2026 3:21 PM UTC

MPC's Greene gives the more hawkish perspective on acting sooner rather than later

GBP/USD flows: Decent US data again

June 2, 2026 2:45 PM UTC

JOLTS data firm again, still a resilient US story

EUR flows: Steady after IFO and INSEE surveys

May 22, 2026 8:23 AM UTC

IFO and INSEE both slightly stronger thna expected, but underlying picture in Europe still weak

GBP flows: GBP marginally softer after UK data

May 22, 2026 6:24 AM UTC

UK retail sales soft and borrowing higher but GBP only slightly softer. But medium term risks on the downside

EUR/GBP, GBP/USD flows: BoE TSC cementing summer re-pricing

May 20, 2026 2:18 PM UTC

Comments so far from BoE TSC largely go with the grain of the summer wait and see
Mkt has priced back its overly aggressive hike odds for June-July

EUR/GBP, GBP/USD flows: CPI lower, but focus elsewhere

May 20, 2026 6:43 AM UTC

UK CPI below market showing core retreat, albeit stronger PPI highlighting Iran cost pressures
USD focus more of politics, geopolitics, yields and tech risk performance

EUR/USD, GBP/USD flows: Streeting resignation no surprise, retail sales resilient

May 14, 2026 12:44 PM UTC

Streeting resigns, hopes Starmer falls on his sword
Retail sales resilient but around expectation
Mkt still struggling for traction

EUR/GBP, GBP/USD flows: Better Q1 GDP old news, more leadership positioning

May 14, 2026 6:45 AM UTC

Rayner announces HMRC 'all clear' ready to enter the fray, still waiting on the kick off
Mar GDP better end to UK Q1 but Q2 seen flagging
Risk rally and key US yields levels provide the broader backdrop

EUR/USD GBP/USD flows: PPI upside goes with the grain of cable slippage

May 13, 2026 12:48 PM UTC

Upside PPI prints see cable pressed through 1.35

EUR/GBP, GBP/USD flows: challenge still in the works?

May 13, 2026 11:10 AM UTC

Reports suggest imminent challenge still in the works

EUR/USD, GBP flows: US CPI firm though doesn't move the dial; a look the Starmer betting..

May 12, 2026 12:49 PM UTC

US Core CPI on the stiff side but doesn't move the dial enough for much FX impact
A quick look at the betting odds for UK PM Starmer

GBP/USD, EUR/GBP flows: Having another stab at the 'political short' trade

May 12, 2026 7:44 AM UTC

Gilts spike at open after further news of Labour push to replace Starmer
Technicals had already suggested some scope for GBP correction
That said, the narrative is a bit one-dimensional, and there is already short spec positioning