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FX Talk - an Ebury podcast

Ebury FX Talk
Federal Reserve
Foreign Exchange Market
Bank Of England
Inflation
US Dollar
US Inflation
Eurozone
UK Economy
Japanese Yen
European Central Bank
Euro
Liquidity Providers
Gold Standard
Bretton Woods Agreement
UK Inflation
Mexican Peso
Swiss Franc
GDP
Retail Sales
PMI

The euro goes up, the dollar goes down, and China devalues the yuan. But what's behind these currency fluctuations? This forex podcast is all about the global currency market. Our three financial market analysts, who are also top Bloomberg forecasters, discuss macro-economic news and its effect on the global financial market - providing you with insights to make informed decisions. *The informatio... more

PublishesTwice monthlyEpisodes123Founded5 years ago
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Latest Episodes

Markets are breathing a collective sigh of relief following the news of an eleventh hour ceasefire between the US and Iran. But is this the beginning of a genuine off-ramp, or just a brief intermission before the next act? 

In this week's episode, w... more

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SPECIAL GUEST ALERT. 

We are delighted to be joined on today’s episode by Simon French - Chief Economist and Head of Research at Panmure Liberum, and regular columnist at The Times. 

On today’s episode, we unpack the implications of the ongoing war... more

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Global trade has been thrown into fresh chaos following last week’s Supreme Court ruling, which deemed President Trump’s IEEPA tariffs to be illegal. The reaction in financial markets has been relatively calm so far, as not only were investors prepar... more

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Following months of speculation, former Fed governor Kevin Warsh has been named as the next chair of the FOMC - how could his appointment impact US rates, Fed autonomy and the dollar? Meanwhile, the massive supermajority victory for Japan’s PM Sanae ... more

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The Sell America trade returned with a vengeance last week after President Trump threatened eight European countries with fresh tariffs for their stance over Greenland. While his entirely predictable U-turn was greeted positively by equities and bond... more

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2026 is already shaping up to be another eventful one in global financial markets, particularly following a number of high profile geopolitical events in the first two weeks of the year. But what do we expect to be the main focus for investors this y... more

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The heavily anticipated UK Autumn Budget has come and gone, without causing too much in the way of alarm among market participants. Sterling and gilts actually rallied following the announcement, but what was behind this rather subdued reaction? And ... more

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The US government shutdown continues to drag on like a traffic jam in New York at rush hour, with no apparent ending in sight. Macroeconomic reports out of the US have been subsequently scarcer than Wi-Fi in the desert, but could this lack of data im... more

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Recent Guests

Simon French
Chief economist and head of research at Panmure Liberum
Panmure Liberum
Episode: Iran war fallout and the UK’s inflation problem (with Simon French)
Kallum Pickering
Chief Economist at Peel Hunt and regular commentator on economic issues
Peel Hunt
Episode: Bond markets flag troubles ahead (with special guest Kallum Pickering)
Isabel Ye
Ebury's Director of China Initiatives, expert on China-related economic matters
Ebury
Episode: Trump vs. China: The fallout (with special guest Isabel Ye)
Mihal Joswiak
Warsaw analyst
Episode: US dollar tanks: Are markets calling Trump’s tariff bluff?
Mihal Josviac
Ebury
Episode: French political turmoil and its impact on ECB policy
Carl Lindh
Ebury’s head of Nordics, based in Stockholm
Ebury
Episode: Fed, BoE and Scandi FX with Ebury’s Head of Nordics

Hosts

Matthew Ryan
Host of FX Talk, Ebury podcast
Enrique Diaz-Alvarez
Chief economist, co-host
Roman Ziruk
Host of FX Talk

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Talking Points

Recent interactions between the hosts and their guests.

Iran war fallout and the UK’s inflation problem (with Simon French)
Q: Simon, let's start with you. What are your general thoughts on this ongoing conflict? And what do you see as the main fallout for markets and the economy from the conflict?
Simon argues the events are difficult to price, with volatility driven by uncertainty over time scales, aims, and outcomes, leading to a wide range of potential market implications for FX, oil, and policy; he notes a flight to safety in the dollar and that energy prices and inflation expectations will shape central bank responses.
Autumn Budget fallout: What it means for sterling
Q: What do you think about the Bank of England? Will they cut rates after this budget?
It appears almost certain based on market pricing that a December rate cut will happen, although uncertainty remains about longer-term economic data due to government shutdowns.
US-China trade war nears hour of reckoning
Q: Enrique, what does this lack of data mean for the Fed? It's not going to derail a cut this week in reality, but what could it mean for the bank's communications?
Enrique reflects on the enduring narrative of a deteriorating labor market and suggests that there is insufficient new data to challenge the Fed's policy direction.
Has the “Sell America” trade run its course?
Q: What can we expect once the 1st of August rolls around?
Expect ongoing trade negotiations, and impacts will vary depending on the agreements made.
Has the “Sell America” trade run its course?
Q: Enrique, is this Sell America trade a thing of the past?
Yes, it's over and we are returning to more habitual patterns.

Audience Metrics

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Frequently Asked Questions About FX Talk

What is FX Talk about and what kind of topics does it cover?

The show centers on global currency markets, with analysts breaking down macro news and its impact on FX, commodities, and economies. Recent episodes emphasize how policy shifts, inflation dynamics, and geopolitical events drive currency moves, with deep dives into oil/gas pricing, central bank decisions, and major geopolitical shocks. Guests—ranging from chief economists to market strategists—offer practical perspectives on risk, hedging, and strategy shaping attachment to the FX space. A notable strength is the blend of real-time market color and scenario analysis, often tying policy actions to trade, inflation, and growth outcomes across the UK, US, Europe, and Asia. A consistent focus on how macro forces translate into traded currencies... more

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Which podcasts are similar to FX Talk?

These podcasts share a similar audience with FX Talk:

1. Global Data Pod
2. The Currency Exchange - An FX Podcast by NatWest
3. The Markets
4. WSJ's Take On the Week
5. All-In with Chamath, Jason, Sacks & Friedberg

How many episodes of FX Talk are there?

FX Talk launched 5 years ago and published 123 episodes to date. You can find more information about this podcast including rankings, audience demographics and engagement in our podcast database.

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What guests have appeared on FX Talk?

Recent guests on FX Talk include:

1. Simon French
2. Kallum Pickering
3. Isabel Ye
4. Mihal Joswiak
5. Mihal Josviac
6. Carl Lindh

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