The Pound Sterling remains bid for the third consecutive day, bolstered by positive market sentiment, edging up 0.34% as the GBPUSD trades at...
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Maroc - FINANCIALMIRROR.COM - A La Une - 29/Jan 05:27
Sterling drops as Trump tariff threats boost dollar
The Pound Sterling extended its losses against the greenback on Tuesday as US President Donald Trump threatened to impose tariffs on computer chips and other industries. Risk aversion extended for the second straight day, and the GBPUSD retreated from weekly highs of 1.2523, trading at 1.2432, down 0.50% On Monday, the greenback recovered some ground, and most G8 FX currencies tumbled as Trump crossed the wires. He said he would impose duties on chips, pharmaceuticals, steel, aluminium and copper if not produced in the United States. Therefore, the trade war is on, and traders keep the US dollar bid. The
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