Pound Sterling's rapid ascent against the Dollar is due a pause.
The Dollar needed a decent above-consensus jobs report to draw a line under weakness.
The global shift away from the U.S. dollar is accelerating as President Donald Trump’s unpredictable policies undermine confidence in the world’s primary reserve currency, say analysts.
George Saravelos, lead FX strategist at Deutsche Bank, says the Dollar's slump following Tuesday's tariff announcement by Donald Trump was not something he would have expected at the start of the year.