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Political change, the upcoming Autumn Budget and continuing disruption in the Middle East are creating fresh uncertainty for businesses managing currency exposure.
In the second episode of VFX Financial’s In The Money podcast, Joe Duffelen, Philip Stephens and Ben Pullicino examine what these developments could mean for sterling, the US dollar and the euro, and how finance teams can prepare without relying on market predictions.
In This Episode
The team discusses:
How the change in UK leadership has affected sterling and market confidence.
Why fiscal credibility will be closely scrutinised in the Autumn Budget.
The potential impact of gilt yields, inflation and interest-rate expectations on the pound.
How disruption in the Strait of Hormuz could affect oil prices, inflation and global growth.
Why flexible treasury policies and scenario planning matter during periods of heightened uncertainty.
The outlook for GBP/USD and GBP/EUR over the coming months.
The central message is simple: businesses cannot control political decisions or market movements, but they can control how well prepared they are. A clear, flexible FX policy can help protect margins and support better decision-making when conditions change.
Watch or listen to the latest episode of In The Money:
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For more information about managing your business’s currency exposure, speak to the VFX Financial team.
Until next time, stay hedged and, most importantly, stay in the money.