The sterling pound renews its minimum of three weeks against the US dollar before the US CPI data and the United Kingdom
The sterling pound (GBP) falls to about 1,3450 against the US dollar (USD) during the European negotiation session on Monday, the lowest level in three weeks. The GBP/USD torque decreases as the demand for perceived assets has decreased, after a nervous market mood amid commercial tensions between the United States (USA) and the European Union (EU).
During the weekend, US President Donald Trump announced 30% tariffs on EU and Mexico imports, since they failed to close a commercial agreement during the 90 -day reciprocal tariff pause period. Trump also warned that tariffs will increase if they retaliate or announce countermeasures. Read more…
GBP/USD weekly perspectives: sterling pound seems vulnerable to inflation and commercial tensions
The sterling pound (GBP) entered a phase of consolidation against the US dollar (USD), after the recent correction of the GBP/USD from about four years of 1,3789.
Despite the corrective consolidation, the GBP/USD sellers kept the lead in the middle of a constant recovery of the US dollar from minimum of several years. The USD attracted safe refuge flows as the commercial war fears resurfaced, after the announcements of the US president, Donald Trump, on new tariffs throughout the week. 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.
