GBPUSD Dips as Dollar Strengthens Following China Tariff Reports
The GBP/USD has seen some pullback recently, hovering around the 1.3290 level during the Asian session on Friday. This movement comes amid strengthening of the US Dollar. A Bloomberg report suggests that China could suspend its significant 125% tariffs on select US goods, which has influenced investor sentiment. As the markets absorb this news, the impact on the Pound Sterling becomes evident. Continued monitoring of US retail sales data will be crucial for predicting GBP performance in the upcoming days.