The Pound is experiencing a downward correction after reaching last week’s highs, just below the critical 20000 psychological level. Bears are testing the support area near the previous highs, specifically in the 19830 to 19840 range at this moment. The market sentiment remains negative as uncertainties increase following Trump’s recent tariff threats targeting both the Eurozone and Mexico, thereby impacting the global trade outlook. Traders should watch this situation closely, as further declines may signal a breach of key technical levels. As sentiment remains sour, the Pound’s path forward will depend heavily on market reactions to geopolitical developments.