The sterling pound earns against the US dollar while Trump’s tariff agenda seems less fearsome
The sterling pound (GBP) rises to about 1,2500 against the US dollar in the European session on Wednesday. The GBP/USD pair advances while the US dollar gives its initial weekly profits by losing risk premium after the president of the United States (USA), Donald Trump, postponed the tariffs to Canada and Mexico.
Market participants have interpreted this scenario as a negotiation tactic of President Trump to close better agreements with his main commercial partners. Trump requested the immediate suspension of the 25% tariff orders to their American peers after they agreed to cooperate in the application of the criminal law. Read more…
GBP/USD Forecast: Libra could face an upcoming obstacle in 1,2530
After registering profits for two consecutive days, The GBP/USD continues to rise and quote on a new weekly maximum above 1,2500 on Wednesday. The technical perspective highlights a bullish impulse as the market approach moves towards the publication of key macroeconomic data of the United States.
The US dollar (USD) weakened in front of its main rivals on Tuesday, since the recovery observed in the main Wall Street indices pointed to an improvement in the mood of risk. In addition, the US Labor Statistics Office announced that Jolts employment offers decreased to 7.6 million in December, being below the market expectation of 8 million and putting additional weight on the shoulders of the USD. 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.
