Pound Sterling Price News and Forecast: GBP/USD continues to cycle familiar technical levels near 1.3000
Portfolio Pulse from
The GBP/USD currency pair is experiencing downward pressure due to mounting trade war tensions. President Trump is expected to announce additional tariffs on April 2nd, targeting multiple trading partners. This has led to increased market uncertainty and risk aversion, causing the pound to lose ground against the US dollar.
April 01, 2025 | 5:00 am
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NEGATIVE IMPACT
The iShares British Pound ETF (FXB) is likely to experience volatility due to escalating trade tensions and potential tariff announcements by the Trump administration.
The potential for new tariffs and increased trade tensions directly impacts currency markets, which will affect the value of the British Pound ETF. The negative sentiment and risk aversion suggest a likely downward movement.
CONFIDENCE 85
IMPORTANCE 75
RELEVANCE 80