Last week was a difficult one for Sterling. Cable closed out the week at 1.3220, and with oil prices breaching $100 per barrel once again, the broader macro backdrop remains unsettled.
Volatility has been the defining feature of markets recently, and with geopolitics firmly back in the driving seat, this week looks set to follow the same pattern.
For businesses and investors with currency exposure, that volatility cuts both ways. Yes, it creates uncertainty. But it also creates opportunity, and right now there are some genuinely compelling set-ups, particularly for anyone looking to sell GBP to buy Euros, or selling Dollars into virtually any other currency.
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