GBP/USD continues a downward trajectory for the fourth day, now trading around 1.2350 in Asian hours. This decline comes as trade tensions escalate following US President Donald Trump’s imposition of a flat 25% tariff on steel and aluminum imports. All previous exemptions are revoked, and previous agreements with key allies are nullified, contributing to the British Pound’s weakening against the US Dollar. Market sentiment remains cautious, and the focus shifts to upcoming economic indicators that may influence future currency movements. Investors are urged to stay alert as the situation develops and respond accordingly to changes in the forex market.