Market insights
The desk's view, in writing.
Strategic FX briefings, weekly outlooks and market analysis from the Lamera Capital dealing desk. Written for people with real currency exposure, not for clicks.
Jackson Hole: The Dollar's Next Test
The Treasury's bond buyback pushed the Dollar to a three-month low and the rally unwound in a day. Why Warsh at Jackson Hole is now the Dollar's next test.
Read the latest pieceThe Fed Has a Reason. The Bank of England Only Has Oil.
Markets have priced hikes on both sides of the Atlantic off the same oil shock. Why the Fed's case is domestic and durable, and sterling's rally is borrowed.
Read the pieceCurrency Risk Management for UK Importers: How to Protect Overseas Supplier Payments
Learn how UK importers can manage currency risk, protect overseas supplier payments, use forward contracts, market orders and live FX pricing to reduce exposure.
Read the pieceGBP/JPY Forecast 2026: What a Weak Yen Means for UK Importers Buying From Japan
GBP/JPY remains near historic highs as yen weakness supports UK importers buying from Japan. See what is driving the pound to yen rate & how businesses can manage JPY exposure.
Read the pieceGBP/EUR and GBP/USD Outlook: Burnham Speech, ECB Sintra and US Jobs in Focus
Weekly GBP/EUR, GBP/USD and EUR/USD outlook covering Andy Burnham's economic speech, ECB Sintra, Eurozone inflation, US jobs data and the dollar.
Read the pieceWhy Is The Canadian Dollar So Weak Against The US Dollar?
This USD/CAD outlook explains how Fed-BoC rate divergence, oil price volatility, and Canada’s growth outlook are shaping the loonie and creating currency risk for businesses.
Read the pieceThe Market Has Already Tamed Burnham. Now It Wants a Chancellor.
Starmer's resignation sent gilts higher, not lower. Why the bond market has already tamed Burnham, why the Chancellor matters more than the PM, and what it means for sterling.
Read the pieceThe Old Warsh Is Back: A Hawkish Fed Changes the Dollar
Warsh held rates but delivered a hawkish, independent debut. Why we are turning dollar-bullish, and what it means for the euro, sterling and your FX exposure.
Read the pieceGBP, EUR and USD Outlook: Current Market Drivers Behind Currency Risk
A current GBP, EUR and USD market insight from Lamera Capital covering Bank of England guidance, ECB policy, dollar safe-haven demand, oil prices and UK political risk.
Read the pieceThe ECB's Third Mistake: Hiking Into Weakness, Again
The ECB raised rates into an economy it downgraded the same morning. Why this repeats 2008 and 2011, and what the third mistake means for the euro.
Read the pieceStrong Jobs, or Just the World Cup? Why the Hawkish Repricing Has Overshot
US payrolls beat on a World Cup hiring bump, not broad strength. Why we think the Fed and BoE hike repricing has overshot, and what it means for GBP, EUR, USD.
Read the pieceAfrican Investors and the Portugal Golden Residence Permit: Why Moving Capital Is Harder Than Making the Investment
For African investors pursuing the Portugal Golden Residence Permit, the investment is rarely the obstacle. Moving capital from Africa into a Portuguese bank account, compliantly and on time, is where the process most often stalls.
Read the pieceThe Lull Before the Oil: Why Reopening Hormuz Will Not Rescue Inflation
Reopening Hormuz will not bring oil back quickly. The shipping lull and damaged capacity keep inflation sticky, the Fed stuck, and the dollar stronger for longer.
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