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.
The British Pound rose against the Euro and Dollar after UK retail sales easily beat expectations and the government recorded a rare financial surplus in January.