The GBP/USD continues its downward trajectory, trading near 1.2350 during Tuesday’s Asian hours. The pair shows signs of weakening as trade tensions escalate following US President Donald Trump’s imposition of a flat 25% tariff on steel and aluminum imports. This development removes all exemptions and nullifies previous trade agreements with key US allies, exacerbating market uncertainty. As the GBP faces downward pressure, traders should monitor these evolving trade dynamics diligently. Understanding the implications of these tariffs on currency pricing will be pivotal for making informed trading decisions regarding GBP/USD in the coming days.