GBP/USD EXCHANGE RATE NEWS: 'ONLY BREACH OF 1.2925' SUGGESTS BOTTOM FOR POUND
GBP/USD EXCHANGE RATE NEWS: 'ONLY BREACH OF 1.2925' SUGGESTS BOTTOM FOR POUND
Analysts identify the 1.2925 level as a critical resistance point for the British Pound (GBP) against the US Dollar (USD).
A sustained breach above this threshold is viewed as an indication that the currency pair has established a bottom, potentially paving the way for further upward momentum.
President Donald Trump's recent decision to impose aggressive tariffs has significantly influenced global markets.
The announcement led to a surge in risk appetite, with investors initially optimistic about potential economic benefits.
the subsequent escalation of trade tensions, particularly with China, has raised concerns about a potential global recession, adversely affecting business confidence and economic stability.
The British Pound experienced volatility in response to the trade policy announcements.
On April 7, 2025, the GBP/USD pair fell to a one-month low of $1.2825 as investors sought safe-haven assets amid escalating trade tensions.
This decline was attributed to concerns over the broader economic implications of the tariffs and potential retaliation from trading partners.
