Oil be damned for energy markets, but what about FX? Artwork

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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The Currency Exchange - An FX Podcast by NatWest

Oil be damned for energy markets, but what about FX?

March 13, 2026 • NatWest Corporates and Institutions

0:00 | 23:44

This week Eimear Daly (Emerging Markets Macro Strategist) is joined by G10 FX Strategy Co-Heads Brian Dangerfield and Paul Robson to talk about currency moves during ongoing military action in Iran. Key topics include:

- Energy prices and oil market volatility
- Central bank reaction functions and monetary policy
- Emerging markets' response to geopolitical risks
- Sterling’s performance and UK monetary policy
- The Bank of Japan's stance on inflation and energy costs

This episode was recorded on 12 March 2026.

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