The British Pound fell against the Euro, Dollar and other currencies after the Bank of England cut interest rates and expressed concern about the UK's economic growth trajectory.
The British Pound's recovery against the Euro, Dollar and other major currencies risks a setback today.
Trade Wars Suit Pound Sterling (For Now)
- Category: GBP
Currency analysts confirm the British Pound looks relatively well insulated from U.S. import tariffs, suggesting the currency forms a hedge in the current 'tariff trade' environment.
Trump's comments on UK tariffs suggest the country will be spared the worst of U.S. tariffs.