Market views, written down.

Last month, we spoke about uncertainty surrounding tariffs. This month, we have certainty that there will be tariffs, which leaves market participants trying

The Pound fell on Thursday and Friday and closed the week down 0.5%. This was driven, in part, by news of the UK borrowing rise to £20.7bn.

Following a poor month for Sterling, Cable traded higher last week, eventually gaining 60bp. The start of the Sterling rally was helped by a large upward

Cable spent the whole of last week giving up recent sterling gains, touching as low as 1.3450 in this mornings session. Whilst some of the move can be

GBP/USD hit the highest level since 2021 in the first half of the week followed by a steady depreciation in the latter half. Some of the retracement can

Uncertainty has been central bankers' favourite word since the beginning of April and that shows no signs of changing anytime soon.