GBP/USD continues to gain ground for the second successive session, trading around 1.2430 during the Asian hours on Tuesday. The pair improved amid improved risk-on sentiment after US President Donald Trump announced late Monday that he would pause tariffs on Mexico and Canada.
However, market volatility remains a concern, with investors closely monitoring developments in ongoing tariff negotiations.
President Trump stated that he would suspend steep tariffs on Mexico and Canada after their leaders agreed to deploy 10,000 soldiers to the US border to combat drug trafficking.
The tariffs on Mexico and Canada have been postponed for at least 30 days.
Source: FXStreet
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