GBP/USD LIKELY TO TRADE BETWEEN 1.2740 AND 1.2860

GBP/USD LIKELY TO TRADE BETWEEN 1.2740 AND 1.2860

The GBP/USD currency pair is currently expected to trade within a range of 1.2740 to 1.2860.​

President Donald Trump's recent implementation of tariffs on imports from countries including China, Canada, and Mexico has led to increased market volatility. ​

These protectionist measures have raised concerns about a potential global economic slowdown, contributing to fluctuations in the Pound Sterling's value. ​

The Bank of England (BoE) has expressed concerns regarding the UK's exposure to global economic risks associated with U.S. tariff policies. ​

BoE officials have indicated that UK businesses may face challenges in raising prices due to potential job losses and weakened consumer spending, which could dampen inflation. ​

The announcement of U.S. tariffs has led to a risk-off sentiment among investors, resulting in a sell-off in global equity markets and a flight to safe-haven assets like the U.S. dollar. ​

This shift in investor sentiment has contributed to the recent depreciation of the Pound Sterling against the U.S. dollar.