Sterling falls vs dollar, rises against euro after Western sanctions on Russia

After 656 past bullish geopolitics events, Crude Oil (Brent) moved a median +1.9% over 5 sessions (63% higher; middle half -2.7% to +6.6%), and +0.7% over 20.

• Mar 8, 2026Oil jumps to 2022 high on Iran war, falls after close as Russia sanctions in doubt | Reuters+9.5%
• Jan 17, 2025International Diesel Prices Surge After U.S. Sanctions on Russia | OilPrice.com-4.1%
• Oct 22, 2025Oil extends gains after settlement on new sanctions on Russian oil companies | Reuters+5.0%
• Oct 23, 2025Oil futures return to structure signalling tight supply on Russia sanctions | Reuters+4.1%
• Oct 23, 2025Pump prices could rise after US, EU hit Russian oil companies with new sanctions and oil spikes | AP News+4.1%

After 89 past bullish geopolitics events, US Dollar (Broad) moved a median +0.5% over 5 sessions (74% higher; middle half -0.0% to +1.0%), and +0.3% over 20.

• Jul 19, 2021Canadian dollar falls by most in 13 months on rising risk aversion | Financial Post+0.4%
• Feb 28, 2022Australian Dollar down on Russia sanctions, ignores retail sales data. RBA eyed ahead | IG AU+1.2%
• Jan 24, 2022Ukraine tensions lift dollar, yuan holds firm | Financial Post+1.2%
• Mar 1, 2022Euro falls to lowest since June 2020 as Russia's invasion of Ukraine picks up+1.8%
• Feb 25, 2022Dollar surges as Russia invades Ukraine - Business & Finance - Business Recorder+0.0%

After 136 past bullish geopolitics events, Natural Gas moved a median +2.7% over 5 sessions (63% higher; middle half -1.8% to +8.8%), and +4.0% over 20.

• Mar 2, 2026Euro Declines on Dollar Strength+7.5%
• Oct 22, 2025US hits top Russian oil companies with sanctions, EU bans Russian LNG | Reuters+0.5%
• Feb 24, 2022European gas prices soar and oil tops $105 after Russia attacks Ukraine+2.2%
• Mar 2, 2022Oil, gas, wheat and aluminium jump as Russia sanctions bite+2.3%
• Mar 4, 2026Dollar firms, euro stumbles as energy prices surge | MarketScreener-0.9%