The EURGBP pair regained ground on Wednesday following the release of downbeat consumer price index (CPI) data from the UK, trading around 0.8340 in...
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Maroc - FINANCIALMIRROR.COM - A La Une - 21/Mar 16:18
Sterling slips on trade war fears, central bank uncertainty
The pound sterling dropped 0.29% against the US dollar on Friday, set to end the week unchanged after major central banks featured dovish monetary policy decisions led by the Federal Reserve and the Bank of England. The GBPUSD currency pair traded at 1.2931 after hitting a daily peak of 1.2969. Market mood remains downbeat, as depicted by US equities posting losses, while the greenback remains bid. On Thursday, the BoE kept rates unchanged and said there is uncertainty about the future, echoing Fed Chair Jerome Powell’s words. Both policymakers mentioned President Donald Trump’s tariffs against its partners as a cause.
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