GBP/USD treads water as markets await tariff blowback
Portfolio Pulse from
The forex market is anticipating potential economic disruptions from the Trump administration's upcoming tariff plans. GBP/USD is currently trading in a consolidation zone just below 1.3000, with traders cautious ahead of potential retaliatory tariffs and the upcoming US Nonfarm Payrolls report.
April 01, 2025 | 12:00 am
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NEUTRAL IMPACT
The Invesco CurrencyShares British Pound Sterling Trust may experience volatility due to potential US tariff implementations and economic uncertainty.
The potential for tariff-related economic disruptions and the upcoming NFP report could create uncertainty for the British Pound, potentially impacting the FXB ETF's performance.
CONFIDENCE 80
IMPORTANCE 65
RELEVANCE 70