GBP/USD Price Forecast: Sinks below 1.2900 amid concerns over Trump’s policies
The Pound Sterling plunged over 1.20% against the US Dollar on Wednesday after former US President Donald Trump won the 2024 Presidential election. Fears of tariffs and protectionist policies weighed on Cable, which is having its worst daily loss since October 3. At the time of writing, GBP/USD trades at 1.2881 after reaching a daily high of 1.3047. Read More…
Pound Sterling plunges as Trump wins US elections, Fed-BoE policy in focus
The Pound Sterling (GBP) plummets to near 1.2850 against the US Dollar (USD) in North American trading hours on Wednesday. The GBP/USD pair faces an intense sell-off as investors rush to the so-called ‘Trump trades’, with Republican candidate Donald Trump winning the United States (US) presidential election over Democratic rival Kamala Harris. Read More…
GBP/USD depreciates as Trump trade rallies on exit polls favoring the Republican candidate
GBP/USD offers its recent gains registered in the previous session, trading around 1.2940 during the Asian hours on Wednesday. The pair depreciates as the US Dollar (USD) gains momentum on strengthening Trump trades as the voting favored Republican candidate Donald Trump in the US presidential election. Read More…
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