GBP/USD Rebounds After Touching One-Month Low Amid Trade Tensions
GBP/USD Rebounds After Touching One-Month Low Amid Trade Tensions
The British Pound (GBP) has shown resilience against the U.S. Dollar (USD), rebounding after reaching a one-month low.
This movement comes amid escalating trade tensions between the U.S. and China, following the U.S. implementation of significant tariffs.
The GBP/USD pair fell to a one-month low, influenced by global market volatility stemming from U.S. trade policies.
The Pound Sterling broke out of its consolidative phase to the upside against the U.S. Dollar, sending the GBP/USD pair to its highest level in six months.
The U.S. announcement of reciprocal tariffs on all imports from China has heightened global trade concerns, affecting investor sentiment towards riskier assets, including the GBP.
The initial implementation of U.S. tariffs led to sharp sell-offs in global markets, with Wall Street experiencing its most significant one-day decline since 2020.
