Policy and politics at play in major currencies

In this episode of Currency Exchange, Brian Daingerfield and Paul Robson discuss the current state of foreign exchange markets, focusing on the influence of the US dollar, recent decisions by the European Central Bank (ECB), and the fortunes of sterling. They also analyse economic data, tariff impacts, and the outlook for central bank policies.Remember to hit like and 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 5 June 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