Policy inflection point

In this week’s episode, Paul Robson and Brian Daingerfield discuss how the Bank of England and Fed each pushed back against market easing expectations, to differing degrees. They comment on why the outlook for sterling may still be to the topside and why the Fed leaned dovish, despite Powell saying a March cut is not likely. Elsewhere, they talk about how recent inflation data in Europe keep the euro in a challenging spot. Finally, they focus on Sweden where the Riksbank suggested earlier cuts may be appropriate. But the impact of earlier easing on the SEK may not mean that lower rates equals lower FX.  Remember to hit ‘subscribe’ or ‘follow’ so you can watch or listen to the latest episode of Currency Exchange as soon as they’re available. For any terms used please refer to this glossary:  https://www.natwest.com/corporates/insights/markets/glossary.html Please view our full disclaimer here: https://www.natwest.com/corporates/disclaimer.html Please note that captions are automatically generated.