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Navigating currency volatility in Q3 2025

Want to protect your margins against FX risk in Q3 and plan with confidence? Our latest whitepaper covers everything you need to get your currency strategy in check this quarter, including:

  • Expert forecasts and specialist analysis on GBP, USD and EUR FX market movements in Q3 and beyond
  • Actionable, strategic insights into how volatility could impact your business’ bottom line
  • An easy-to-follow, seven-point checklist to assess your FX approach for Q3
 News: what’s shaping currency markets in Q3?

News: what’s shaping currency markets in Q3?

Interest rates, inflation data, and GDP growth continue to influence GBP, USD, and EUR movements, but from London to Frankfurt to Washington, markets are increasingly reacting to trade policy developments alongside central bank decisions. 

Recent geopolitical tensions, including escalating conflicts and surging oil prices, underscore just how quickly external events can reshape market dynamics. If you’re managing international exposure, Q3 presents a complex decision-making environment that may require a different approach to currency management. 

This report examines the specific economic shifts across GBP, USD, and EUR markets and identifies the timing decisions that can protect your margins during periods of heightened uncertainty.

Q3, market by market: what can you expect?

Momentum fading amid global tensions

Recent economic indicators show weakening fundamentals despite earlier outperformance, while trade policy uncertainty adds additional pressure. Companies with UK exposure may face margin pressure as economic weakness weighs on sterling.

Policy uncertainty weighs on dollar despite rate advantages

Higher US interest rates have failed to provide sustained dollar support as trade policy unpredictability dominates market sentiment. Businesses managing USD exposure are dealing with heightened volatility, making timing decisions more critical than ever.

Defence spending supports growth while trade risks loom

European military investment is bolstering economic activity and potentially strengthening the euro, though the region remains exposed to escalating trade disputes. Companies with European operations may benefit from resulting regional growth.