GBP/USD stabilizes around 1,3650 due to the growing uncertainty about Trump’s tariff plans
The GBP/USD maintains its position for the second consecutive day, quoting around 1,3660 during Friday’s Asian hours. The torque remains stable while the US dollar (USD) depreciates, since operators adopt caution, seeking clarity on the plans of the US president, Donald Trump, for tariffs in several countries. On Thursday, Trump told journalists that “it will begin sending letters on commercial tariffs starting Friday.” He added that he would send letters to 10 countries at the same time, establishing tariff rates from 20% to 30%, Reuters reported.
The GBP/USD pair maintains its position while the pound sterling (GBP) receives support after the defense of the Prime Minister (PM) Keir Starmer to Foreign Minister Rachel Reeves. The PM Starmer said that she would remain in her chancellor position “for a long time.” This helped relieve market concerns that a possible replacement could adopt a more lax fiscal position with an increase in indebtedness. Read more…
GBP/USD struggles to recover before a quiet week
The GBP/USD moved near the lower end of a short -term decline on Thursday, driven by the sales pressure that forced the US dollar down after the US non -agricultural payroll data (NFP) was stronger than expected. The markets expected a report below the forecasts after this week’s ADP job view showed a strong contraction in private payrolls, but a strong increase in contracting in public education compensated for falls in the employment of the private sector.
Friday is expected to be a quiet day in terms of impact on the market. The American side of the markets closed early on Thursday and will remain closed by the holiday in the USA. A medium public appearance of the person responsible for the Bank of England (BOE), Alan Taylor, for Friday, is expected, but it is unlikely to move the markets. There is not much more material importance on the side of the United Kingdom data for Friday. Read more…
GBP/USD Despite the surprise in US jobs, Reeves’s uncertainty limits profits
The sterling pound (GBP) remains stable against the US dollar (USD) on Thursday, after a solid report of non -agricultural payroll (NFP) in the United States (USA) that cemented the case for the Federal Reserve (FED) to keep the fees in July, since the unemployment rate fell. At the time of writing, the GBP/USD quotes in 1,3634, practically unchanged.
The US Labor Statistics Office (BLS) reported that the US economy added 147,000 people to the labor force, exceeding 110,000 estimates and the May 144,000 report. The unemployment rate stood at 4.1%, down from 4.2%. The data reinforces the waiting position and see of the president of the FED, Jerome Powell, and evaluate the potential impact of tariffs on inflation. 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.
