Bondford’s quarterly currency forecast and FX outlook, covering the key drivers behind USD, EUR and GBP performance heading into the second half of 2026.

The euro has endured a difficult few months, and the question of whether its outlook has genuinely improved is one investors are now actively debating. By the end of the second quarter, the single currency had slipped to a one-year low against the US dollar, weighed down by a multitude of factors.