UK political uncertainty and geopolitical developments

In this episode, Eimear Daly, Paul Robson and Brian Daingerfield discuss the political and macroeconomic themes currently shaping FX markets, including:* Rising UK political uncertainty and implications for sterling* Why markets may be underestimating UK fiscal risks* Japan’s FX intervention strategy and US reaction* Structural challenges facing the Japanese yen* Key takeaways from the Trump–Xi summit in Beijing* The geopolitical implications for currencies and global marketsThis episode was recorded on 14 May 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