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February 3, 2025

GBP/USD Slides 1% with Trump’s Tariff Threat

The Pound Sterling (GBP) experienced a recent recovery against the US Dollar (USD), propelling GBP/USD to three-week highs above 1.2500. However, as market sentiment shifts, buyers have retreated. This depreciation around 1% following new tariff threats poses questions for traders regarding future movements of this currency pair.

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