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Market Commentary – November 2025

Date: 12/12/2025

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Market Commentary

A confluence of factors moved FX markets in November, including uncertainty surrounding the Fed, political shocks, and fiscal challenges. We unpick all this and more in our commentary

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Market Commentary – October 2025

Date: 11/11/2025

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Market Commentary

A confluence of factors moved FX markets in October, including the US Federal government shutdown, political shocks, and fiscal challenges. We unpick all this and more in our commentary

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Market Commentary – September 2025

Date: 13/10/2025

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Market Commentary

A confluence of factors moved FX markets in September, including central bank action, political shocks, and data surprises. We unpick all this and more in our commentary

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Private Wealth and the Increasing Importance of Share Class Hedging for Private Fund Managers

Date: 15/09/2025

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Product

Having different currency share classes within a fund has been a longstanding practice for several fund managers as they have looked to open-up access to their products to broader audiences.

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Market Commentary – August 2025

Date: 11/09/2025

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Market Commentary

Following on from last month’s strength, the US dollar reversed course in August. A weak July employment report, coupled with a dovish pivot by Powell at the Jackson Hole Symposium …

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Market Commentary – July 2025

Date: 11/08/2025

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Market Commentary

Global trade developments primarily drove FX price action in July, characterized by a flurry of last-minute dealmaking between the US and its trading partners ahead of an August start date …

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