Articles
13 November 2025 

Turner: The FX winners and losers in 2026

ING's Chris Turner on the key currency themes he'll be watching out for next year. 

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The currency winners and losers in 2026

Why might the US dollar strength fade next year... could the euro really hit 1.22? Have FX markets really learnt to live with Trump's tariffs? And why might sterling struggle again? Get answers from ING Research Head of Markets, Chris Turner, as he outlines the key themes for FX markets in 2026.

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This publication has been prepared by ING solely for information purposes irrespective of a particular user's means, financial situation or investment objectives. The information does not constitute investment recommendation, and nor is it investment, legal or tax advice or an offer or solicitation to purchase or sell any financial instrument. Read more