Saturday, 02 August 2025
Jakarta
--:--
Tokyo
--:--
Hongkong
--:--
New York
--:--
Pound Sterling gains against US Dollar despite renewed Trump's tariff threats
Monday, 10 February 2025 17:12 WIB | GBP/USD |GBP/USD

The Pound Sterling (GBP) ticks higher to near 1.2415 against the US Dollar (USD) in Monday's European session. The GBP/USD pair is marginally higher even though the US Dollar Index (DXY), which tracks the Greenback's value against six major currencies, is up almost 0.2%, which indicates significant strength in the Pound Sterling.

The DXY Index gains as investors turn cautious about renewed global trade war tensions. US President Donald Trump threatened to raise 25% tariffs on steel and aluminum imports and impose reciprocal tariffs on nations he saw as engaging in unfair trade practices.

Market experts believe that the impact of a global trade war will be inflationary for the US economy. Such a scenario would be favorable for the US Dollar, as Federal Reserve (Fed) policymakers would be forced to hold interest rates at their current levels for longer.

According to the CME FedWatch tool, the Fed is expected to keep interest rates steady in the policy meetings in March and May, and the likelihood of a 25 basis point (bps) interest rate reduction in the June meeting is 50%.

Source: FXStreet

RELATED NEWS
GBP/USD declines further as Greenback rally continues...
Friday, 1 August 2025 05:23 WIB

GBP/USD sank again on Thursday, falling for a sixth straight session and dragging the Pound Sterling (GBP) down nearly 3% top-to-bottom from last week's peak near 1.3588. Cable is getting dragged back...

GBP/USD extends losses after Fed trims rate cut expectations...
Thursday, 31 July 2025 06:05 WIB

GBP/USD sank for a fifth straight session on Wednesday, falling as the US Dollar (USD) catches a broad-market bid after the Federal Reserve (Fed) held rates steady and stuck to its stubborn wait-and-s...

GBP/USD finds bottom ahead of key Fed rate call...
Wednesday, 30 July 2025 06:49 WIB

GBP/USD found some balance on Tuesday, pumping the brakes on an extended backslide but falling just short of snapping its losing streak. The Cable pair caught an intraday technical rebound near the 1....

Pound Sterling slumps against the US Dollar, focus shifts to Fed monetary policy ...
Tuesday, 29 July 2025 14:58 WIB

The Pound Sterling (GBP) holds onto losses near its two-month low around 1.3350 against the US Dollar (USD) during the European session on Tuesday. The GBP/USD pair faces selling pressure as the US Do...

Pound Sterling Weakens Against US Dollar After US-EU Tariff Deal ...
Monday, 28 July 2025 15:15 WIB

The British pound (GBP) weakened near 1.3400 against the US dollar (USD) at the start of the week. The GBP/USD pair weakened as the US dollar attracted buying interest following the announcement of a ...

LATEST NEWS
AUD/USD slips despite soft NFP as RBA rate cut

The Australian Dollar (AUD) remains under pressure against the US Dollar (USD) on Friday, giving back most of its earlier gains despite broad weakness in the Greenback following a disappointing Nonfarm Payrolls (NFP) data. The AUD/USD initially...

Oil falls $2 a barrel on worries about OPEC+ supply, US jobs data

Oil prices $2 a barrel on Friday because of jitters about a possible increase in production by OPEC and its allies, while a weaker-than-expected U.S. jobs report fed worries about demand. Brent crude futures settled at $69.67 a barrel, down $2.03,...

Yen primed for multi-year rally

The yen has suffered a difficult month, but BCA Research thinks the Japanese currency is primed for a multi-year rally. At 08:30 ET (12:30 GMT), USD/JPY traded 0.2% lower at Y150.49, having earlier in the session climbed as high as Y150.91, the...

POPULAR NEWS
Latest News: US Core PCE Inflation Holds Steady at 2.8% in June, Compared to 2.7% Expected
Thursday, 31 July 2025 20:03 WIB

Annual inflation in the United States (US), as measured by the change in the Personal Consumption Expenditures (PCE) Price Index, rose to 2.6% in...

Asia-Pacific markets trade mixed as investors assess U.S.′ 15% tariffs on South Korea
Thursday, 31 July 2025 07:28 WIB

Asia-Pacific markets traded mixed Thursday as investors assessed the U.S.′ blanket 15% tariffs on imports from South Korea and awaited details on...

European markets close mixed; Novo Nordisk extends losses
Thursday, 31 July 2025 00:34 WIB

The pan-European Stoxx 600 index provisionally closed just below the flatline on Wednesday, with sectors diverging as second quarter earnings season...

US: Initial Jobless Claims Rise Slightly to 218,000 Last Week
Thursday, 31 July 2025 19:49 WIB

According to a report from the US Department of Labor (DOL) released on Thursday, the number of Americans filing new applications for unemployment...