November 27, 2024 – Written by David Woodsmith
STORY LINK GBP/USD Outlook: Trump Trade Talk Dominates Markets, Pound-Dollar Steady
Overnight, US President-elect Trump stated that he would levy 25% tariffs on shipments from Mexico and Canada due to failure to control drugs and illegal migration. He also reiterated that there would be 10% tariffs on goods from China.
In relative terms, there are expectations that the UK will not be a major target which could protect the Pound in the near term.
The Pound to…
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