UK data, oil moves and geopolitical tensions

In this episode, Brian Daingerfield and Paul Robson discuss market sentiment for major currencies. Firstly, they dissect UK economic data and the implications for sterling, plus the Bank of England policy and receding political risk. They also cover Fed policy, wider geopolitical influences on FX markets, the price of oil and implications for Japanese yen. This episode was recorded on 19 February 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