In this episode of Currency Exchange, Brian Daingerfield and Paul Robson discuss the latest developments in foreign exchange markets, focusing on UK inflation data, the Bank of England's monetary policy outlook, the upcoming UK budget, and the performance of sterling. They also touch on the European Central Bank's position, the Federal Reserve's upcoming decisions, the Bank of Japan's policy considerations, and the Canadian economy's inflation data. The conversation highlights the interconnectedness of global economic indicators and their impact on currency markets.Remember to hit 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 23 October 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
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26:39
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26:39
Budgets, politics and market moves
In this episode of Currency Exchange, Brian Daingerfield and Paul Robson discuss the current dynamics in foreign exchange markets, focusing on the UK budget, European currency outlook, US trade tensions, the impact of the government shutdown, and Japanese politics. Phew! They also explore how fiscal and monetary policies are influencing currency movements globally. Remember to hit 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 16 October 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
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27:09
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27:09
What Japan's elections mean for the yen
In this episode of Currency Exchange, Brian Daingerfield and Ian Vanderhorn discuss the recent LDP leadership election in Japan, its impact on the yen, and the implications for fiscal and monetary policy. They also explore the potential coalition dynamics and the Bank of Japan's decision-making process amid political uncertainty.This episode was recorded on 9 October 2025, and captions are automatically generated.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
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16:54
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16:54
Policy meets expectations, but long-term questions linger
This week host Eimear Daly is joined by Brian Daingerfield and Paul Robson to discuss the major themes affecting currency markets. They focus on the Federal Reserve's recent interest rate decision and the Bank of England's interest rate hold. They analyse the implications of these decisions on the dollar and sterling, the impact of economic data on market expectations, and the significance of dollar hedging of international assets and interest rate differentials.Remember to hit 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 18 September 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
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20:27
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20:27
What to expect from a more dovish Fed
In this episode of Currency Exchange, host Brian Daingerfield and Ian Vanderhorn discuss the current state of the US dollar and the Federal Reserve's expectations for interest rate cuts. They highlight the implications of recent labour market data and inflation readings, as well as the legal back-and-forth surrounding President Trump’s tariff moves. Remember to hit 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.NB. This episode was recorded on 11 September 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
About The Currency Exchange - An FX Podcast by NatWest
Keep up to date with the latest in FX markets with The Currency Exchange podcast. Each week, the NatWest Markets team of FX strategists – Eimear Daly, Brian Daingerfield, and Paul Robson – help investment professionals and corporate treasurers get to grips with the biggest themes & events moving global currency markets. Check back here regularly for new episodes and subscribe to The Currency Exchange wherever you get your podcasts so you can listen to our latest episodes as soon as they’re available.
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