The GBP/USD pair showed significant movement. After dropping to a two-week low below 1.3400 on Friday, August 22, 2025, it rallied again as the US dollar weakened following Federal Reserve Chairman Jerome Powell's speech at the Jackson Hole Symposium. Powell's dovish remarks, indicating the possibility of an interest rate cut, drove a sharp decline in the US dollar, giving the pound sterling room to strengthen again.
External factors, such as President Trump's tariff policies, also influenced GBP/USD movements. Aggressive tariff policies can increase global economic uncertainty, which in turn can affect market sentiment towards major currencies, including the pound sterling.
Overall, today's GBP/USD movement was influenced by a combination of domestic and external factors. Investors are advised to continue monitoring developments in US and UK monetary policy, as well as global trade dynamics, to understand the future direction of this currency pair.
Source: Newsmaker.id
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