FX Webinar – October 2023

Blue turns to grey - The economic mood music worsens as central banks ratchet up the pain

05 Oct 2023 . 13 mins

Neil Parker shares their insights into what is happening and where the macroeconomy and markets are likely to head from here.

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The third quarter has been one of slowing demand, weaker price inflation, higher oil and gas prices and weakening labour markets. Meanwhile, FX markets appear to have reversed course, with the USD bouncing back.

The Federal Reserve appears to have reached restrictive monetary policy levels with which it is comfortable, and the European Central Bank and Bank of England are not too far off either. The heavy lifting of conventional monetary tightening has been completed and the markets will no longer be soothed by the prospect of higher interest rates.

What does the last quarter tell us about the future, and will the final months of the year be filled with greater volatility as the downside risks to economic activity intensify?

Hear the latest views from Neil Parker, NatWest Markets FX Strategist.

This webinar was recorded on 3 October 2023.

Q&A is not available in this recording.

For more FX and market sentiment insights, please visit the NatWest Corporate & Institutions website (natwest.com/corporates)

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FX Webinar – October 2023

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