Budgets, politics and market moves

In this episode of Currency Exchange, Brian Daingerfield and Paul Robson discuss the current dynamics in foreign exchange markets, focusing on the UK budget, European currency outlook, US trade tensions, the impact of the government shutdown, and Japanese politics. Phew! They also explore how fiscal and monetary policies are influencing currency movements globally. Remember to hit subscribe so you can listen to the latest episodes in this series as soon as they're available and get our views on the big themes and events moving markets and shaping the economy.This episode was recorded on 16 October 2025. For any terms used please refer to this glossary https://www.natwest.com/corporates/insights/markets/glossary.htmlPlease view our full disclaimer here: https://www.natwest.com/corporates/disclaimer.html