FX Braces for Trump's First Tariffs
- Category: GBP
Foreign currency markets are bracing for the announcement of tariffs on Canada and Mexico.
The British Pound remains vulnerable despite Chancellor Rachel Reeves' efforts to boost sentiment and economic output.
Starmer & Reeves's desperation is showing, which is good for the Pound.
The market is now a net seller of the British Pound amidst a shift in sentiment. But looking ahead, this could mean it is better positioned to recover, and one Wall Street investment bank is a buyer.