The pound sterling is lower than the US dollar, as the fresh Trump tariffs get off the mood of the market
The British pound (GBP) extends its passive side to approximately 1.2570 against the US dollar (USD) in the European session on Friday. The GBP/USD pair faces pressure as the US dollar acquires more in the market. The US dollar index (DXY), which tracks the value of Greenback compared to six main currencies, rises to 107.45.
Market participants are warned because President Donald Trump has announced more fees on China and gave more clarification about the 25 % timeline of import duties in Canada, Mexico and mutual definitions. Read more …
GBP/USD forecasts: The pound sterling can fight to collect the bullish momentum
It seems that the GBP/USD has entered a unification stage near 1.2600 after losing more than 0.5 % on Thursday With investors moving to the side lines while waiting for inflation data in January from the United States.
The US dollar (USD) benefited from safe flows at the US session on Thursday and gathered a force against its main competitors. Read more …
