Exports from the United Kingdom to the US. UU. They represent just under 2% of GDP compared to 3% of the euro zone. It is not a massive difference, but the EU has been much more in the focus of Trump’s confrontational external approach, the ING currency analysts point out, Francesco Pesole.
Downward risks for the EUR/GBP in the short term
“In particular, Trump was explicitly open to a commercial agreement with the United Kingdom in previous months, placing British exports at the head of possible exemptions if the negotiations follow today’s announcement. The more the space markets see so that the initial announcement of tariffs will be diluted through negotiations, the sterling can overcome the euro.”
“Mainly we see downward risks for the EUR/GBP in the short term, with a movement below 0.830 very possible. In the long term, there will be space for a rebound as the type expectations of the Bank of England can be readjusted downward.”
Source: Fx Street
I am Joshua Winder, a senior-level journalist and editor at World Stock Market. I specialize in covering news related to the stock market and economic trends. With more than 8 years of experience in this field, I have become an expert in financial reporting.
