GBP USD continues to show resilience as it trades near 1.2989, a four-month high. However, during Friday’s Asian session, the pair has exhibited some decline, landing around 1.2940. The Pound Sterling (GBP) is under pressure due to weakened risk sentiment, mainly stemming from trade uncertainties. These concerns were heightened when US President Donald Trump hinted at a 200% tariff on European wines and champagne, leading to market instability. Investors are keeping a close eye on the developments, as sentiments surrounding global trade can influence the GBP’s performance significantly. As the market digests this news, potential trading opportunities may arise based on the rising volatility. This environment requires traders to be vigilant and prepared for swift movements in currency prices.