Markets are rapidly losing faith in Chancellor Rachel Reeve's budget measures and are dumping UK assets.
If the Dollar is adequately priced, the downside pressure on the Pound to Dollar (GBP/USD) exchange rate can ease.
Pound Sterling has retreated amidst a U.S. Dollar recovery linked to above-consensus U.S. economic data.
The USD was ripe for correction, and this tariff news has triggered it.
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