MillTech Team

FX markets in 2025 were marked by heightened volatility, challenging even experienced fund managers. As we look ahead, the key question is no longer whether volatility will persist in 2026, but whether portfolios are positioned to manage its impact on performance.
This 2026 guide sets out our FX outlook for the year ahead, including:
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<li data-prosemirror-content-type="node" data-prosemirror-node-name="paragraph" data-prosemirror-node-block="true">The macroeconomic and overall currency outlook for 2026</li>
<li data-prosemirror-content-type="node" data-prosemirror-node-name="paragraph" data-prosemirror-node-block="true">Key currency views, including the US dollar, sterling, and the euro</li>
<li data-prosemirror-content-type="node" data-prosemirror-node-name="paragraph" data-prosemirror-node-block="true">The top five themes to watch out for in 2026</li>
</ul>
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Our 2026 FX guide examines macroeconomic outlooks, key currencies view and 5 themes fund managers should monitor this year.

The 2026 Currency Guide for Fund Managers & CFOs