---
title: "Mitsubishi UFJ: Rising Energy Prices Could Pressure the Euro and Pound"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/293723150.md"
description: "Mitsubishi UFJ analyst Derek Halpenny warns that rising energy prices and escalating US-Iran tensions pose downside risks to the euro and pound. Higher natural gas costs may reduce household income, weakening consumer spending and economic growth. While central bank rate hike expectations are converging, investors believe the US economy is better positioned to withstand monetary tightening."
datetime: "2026-07-24T08:15:33.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/293723150.md)
  - [en](https://longbridge.com/en/news/293723150.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/293723150.md)
generator: "portal-rs"
---

# Mitsubishi UFJ: Rising Energy Prices Could Pressure the Euro and Pound

According to Jin10, Mitsubishi UFJ analyst Derek Halpenny said in a report that the euro and pound could face downside risk if energy prices keep rising sharply and the conflict between the United States and Iran escalates further. He said higher natural gas prices would affect household income, which could weaken consumer spending and economic growth. Halpenny also said that although market expectations for future rate hikes by the Federal Reserve, the ECB, and the Bank of England are converging, investors may think the U.S. economy is better able to withstand potential monetary tightening.

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---
> **Disclaimer: This article is for reference only and does not constitute any investment advice.**