Back To Top

February 3, 2025

GBP/USD Plummets Below 1.23 Due to Trump Tariff Controversy

The GBP/USD exchange rate suffered a notable decline, testing lows of 1.225 when the markets opened this week. The recent decision by former President Trump to impose fresh tariffs on Canada, Mexico, and China has significantly unsettled the market. As the trading session progressed, GBP/USD was seen at 1.2309, highlighting the market’s struggle amid increased volatility.

Prev Post

GBP/NZD Tests 2.22 Mark Amid Tariff-Induced Market Chaos

Next Post

EUR/JPY Turns Bearish as 159.74 Support Breaks

post-bars
Mail Icon

Newsletter

Get Every Weekly Update & Insights

[mc4wp_form id=]

Leave a Comment