Oil be damned for energy markets, but what about FX?

This week Eimear Daly (Emerging Markets Macro Strategist) is joined by G10 FX Strategy Co-Heads Brian Dangerfield and Paul Robson to talk about currency moves during ongoing military action in Iran. Key topics include: - Energy prices and oil market volatility- Central bank reaction functions and monetary policy- Emerging markets' response to geopolitical risks- Sterling’s performance and UK monetary policy- The Bank of Japan's stance on inflation and energy costsThis episode was recorded on 12 March 2026.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