Pound Sterling Price News and Forecast: GBP/USD drifts higher to around 1.2965 in Monday's Asian session
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The GBP/USD currency pair is experiencing a modest upward movement, trading around 1.2965 in the Asian session. This comes amid concerns about potential US tariffs on imported cars and other goods, which could negatively impact the US economy and potentially limit Federal Reserve's interest rate reduction options. The pair has been consolidating between 1.3000 and 1.2870 after recent multi-month highs.
March 31, 2025 | 5:30 am
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GBP/USD is experiencing a slight upward trend due to concerns about US tariffs potentially weakening the US Dollar and creating economic uncertainty.
The potential negative economic consequences of US tariffs and the uncertainty surrounding trade policies are creating downward pressure on the USD, which is supporting a modest rise in the GBP/USD exchange rate.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 100