GBP/USD dips as trade war tensions mount ahead of US tariff Liberation Day
Portfolio Pulse from
The British Pound (GBP) is experiencing a decline against the US Dollar (USD) as markets anticipate potential new tariffs by President Trump. The currency pair GBP/USD is currently trading at 1.2911, down 0.17%, reflecting growing market uncertainty about trade relations.
March 31, 2025 | 4:15 pm
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NEGATIVE IMPACT
The Invesco CurrencyShares British Pound Sterling Trust (FXB) is likely to experience volatility due to mounting trade tensions and potential US tariff announcements.
As an ETF tracking the British Pound, FXB will directly reflect the currency's performance. The anticipated tariff announcement and resulting market uncertainty are likely to negatively impact its value.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 80