New year’s gratings

This week Eimear Daly is joined by Paul Robson and Ian Vanderhorn to cover discordant sounds emanating from FX markets. They start with Sterling’s grapple with stagflation fears, moving on to the strength of the dollar against emerging market currencies and CAD performance following political upset in Canada. None of which is a reason to do Dry January. Remember to hit subscribe so you can listen to the latest episode in this series as soon as they're available and navigate to natwest.com/yearahead to get our views on the big themes and events moving markets and shaping the economy in 2025.NB. This episode was recorded on 9 December 2025For 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