Based in London, Yates will be responsible for currency forecasts, client investment and diversification strategies in foreign exchange. She will report to Stephen Jury, global head of foreign exchange and commodities.

Yates joins JP Morgan from Barclays Capital, where she was lead FX strategist for the European corporate business, with a particular focus on sterling and the UK economy. Before that she was a member of the portfolio construction and strategy team at UBS Wealth Management and held several economist positions at HM Treasury.

“Sara joins JP Morgan with a wealth of experience in FX strategy. She is a highly-skilled economist and brings an in-depth knowledge of currency forecasting and research capabilities to the role,” Jury said in a statement.