GBP/USD climbs above 1.2920 as trade war fears weaken USD
The Pound Sterling extended its gains versus the US Dollar on Tuesday as the latter continued to plunge, due controversial trade policies by US President Donald Trump, adding an additional 25% in aluminum and steel imports from Canada, as the latter apply duties on electricity imported to New York, Michigan and Minnesota. The GBP/USD trades at 1.2945 up 0.53%. Read More…
Pound Sterling remains resilient against USD amid fears of Trump tariffs-led US slowdown
The Pound Sterling (GBP) trades close to the four-month high around 1.2930 against the US Dollar (USD) in North American trading hours on Tuesday. The GBP/USD pair trades firmly as the US Dollar Index (DXY), which tracks the Greenback’s value against six major currencies, extends its downside to near 103.30 ahead of the United States (US) Consumer Price Index (CPI) data for February, which will be released on Wednesday. Read More…
GBP/USD maintains position near 1.2900 as concerns over US economic growth persist
The GBP/USD pair recovers recent losses from the previous session, trading around 1.2890 during Asian hours on Tuesday. The pair edges higher as the US Dollar (USD) struggles amid concerns that tariff policy uncertainty could push the US economy into recession. Read More…
Read the full article here