GBP/USD retreats below 1.2500 as USD recovers

GBP/USD retreats below 1.2500 as USD recovers
GBP/USD retreats below 1.2500 as USD recovers

GBP/USD retreats below 1.2500 as USD recovers

GBP/USD went down below 1.2500.

Earlier, it went up because of strong UK economic data.

The US dollar got stronger, pushing GBP/USD lower.

Former US President Trump mentioned possible new tariffs, helping the USD rise.

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