Pound Sterling has raced to levels last seen in early November amidst a major market realignment.
Pound Sterling's Special Relationship
- Category: GBP
For the UK, "tariffs won't be necessary"; for everyone else, they will be.
Pound sterling outperforms on new Trump tariff threats, confirming that markets see the UK as relatively insulated to their rollout.
The British Pound faces significant downside risks in the event of a shift to risk-off sentiment in global markets, according to a research note from BNP Paribas.