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.