GBP/USD rises to 1,3650 after Trump’s tariff increases to 14 countries
The GBP/USD advances after two days of losses, quoting around 1,3630 during the Asian hours on Tuesday. The torque can be seen as the US dollar (USD) loses ground, since operators adopt caution after US President Donald Trump announced updated rates on 14 countries that have not yet secured trade agreements with Washington.
The Trump administration announced 25% taxes on goods from Japan and South Korea, with threats to increase tariffs if the two nations retaliate. US also imposed 25% rates to Malaysia, Kazakhstan and Tunisia, while South Africa would see a 30% tariff and Laos and Burma would face a 40% tax. Other nations affected by taxes include Indonesia with a 32%rate, Bangladés with 35%, and Thailand and Cambodia with tariffs of 36%. President Trump also signed an executive order that delays the implementation of new tariffs from July 1 to August 1, giving more time to negotiators to reach agreements, according to Bloomberg. Read more…
GBP/USD pause losses as Trump’s tariff threats increase risk aversion
The GBP/USD lost some weight on Monday, cutting even more to the low side and adding short -term losses while the sterling pound bulls take a break. The losses were contained at the beginning of the week; However, a new round of tariff threats from the president of the US, Donald Trump, has restricted the appetite for the risk of investors, limiting the upward market flows and causing a new impulse of risk aversion towards the US dollar.
The Trump administration began the week with force, postponing its own self -imposed term of July 9 for the restart of reciprocal tariffs of wide reach that were initially announced and then immediately delayed in early April. Despite another change in the “firm” deadlines for Trump team tariffs, President Trump has announced a new lot of additional tariffs, adding levels of two -digit tariffs that will take effect on April 1 along with suspended reciprocal tariffs. Read more…
GBP/USD remains above the key level despite the divergence in rates and nerves by the commercial war
The pound sterling (GBP) is practically unchanged during the American session, but is maintained above a key technical level, after a solid employment report in the US last week. This, together with the probability of new tax increases by the United Kingdom government, is exerting pressure on the cable. At the time of writing, the GBP/USD exchange rate is 1,3638.
Last week, the US revealed that non -agricultural payroll figures exceeded 110K estimates, reaching 147K, while the unemployment rate decreased. In addition, salaries remain stable and the number of Americans who request unemployment benefits has decreased. 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.
