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Pound Sterling Advances Against US Dollar Amid Uncertainty over Trump's Tariff Policy

Summary by FXStreet
The Pound Sterling (GBP) jumps to near 1.3600 against the US Dollar during European trading hours on Thursday. The GBP/USD pair trades firmly as the US Dollar underperforms its peers due to uncertainty surrounding the tariff policy.

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All regions of the country began to resent the effect of the economic uncertainty generated by the U.S. government’s tariff policy, the Bank of Mexico reported yesterday. (BdeM)

·Mexico
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On Wall Street they predict that the dollar will reach levels not seen since the pandemicThe dollar fell to its lowest level in three years due to rising concerns about tariffs in the United States and deteriorating economic prospects.The Bloomberg Dollar Spot index dropped to 0.8% on Thursday, setting its lowest level since April 2022.The euro rose to its highest level from 2021, while the pound sterling reached a new maximum of three years.All…

Interest rate cuts and Trump's tariff statements provide for a further falling US dollar. EURUSD currently exceeds 1.16. The post US dollar crashing to two-year low – Trump makes it possible appeared first on financial marketwelt.de.

Donald Trump threatens new tariffs, causing an immediate fall of the dollar at its lowest level since March 2022 in the face of major global currencies. The prospect of a revival of the trade war, combined with low inflation and geopolitical tensions (Iran, China), pushes markets to anticipate two Fed rate cuts. As the euro climbs thanks to the ECB's prudence, the growing mistrust of foreign investors against US assets increases pressure on the …

DXY, which measures the performance of the US currency against six other strong currencies, has fallen 9% this year

·Brazil
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FXStreet broke the news in on Thursday, June 12, 2025.
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