The sterling pound advances against the US dollar in the midst of uncertainty about Trump’s tariff policy
The sterling pound (GBP) jumps to about 1,3600 against the US dollar during the European negotiation hours on Thursday. The GBP/USD torque lies firmly while the US dollar does not yield as its peers due to uncertainty around tariff policy. The US dollar index (DXY), which tracks the value of the dollar against six main currencies, records a new minimum of three years about 97.80.
On Wednesday, the president of the United States (USA) Trump threatened to send letters to those commercial partners from which Washington has not received any proposal or those who are not negotiating in good faith, establishing commercial terms and tariff fees. Read more…
GBP/USD forecast: The sterling pound could extend its fall after a high inflation fact in the US.
After falling to a new weekly minimum about 1,3450 on Tuesday, GBP/USD runs up and remains stable around 1,3500 in Wednesday morning. The technical perspective points to a low -term bearish trend while markets expect May inflation data in the US.
The disappointing labor market data of the United Kingdom, which highlighted an increase in the unemployment rate together with softest salary inflation figures than expected, revived the expectations that the bank of England (BOE) cuts rates multiple times this year and weighed on the sterling pound. Read more…
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.
