February 5, 2025 – Written by Ben Hughes
STORY LINK Pound Sterling is a Buy: UK Looks to Dodge Trump’s Trade Wars
Risk appetite rebounded strongly during Monday’s New York session as the immediate threat of US tariffs on Mexico and Canada was withdrawn.
This positive impact on risk was offset in Asia as the additional 10% tariffs on Chinese exports to the US went into effect with markets also expecting action against the EU.
The Pound overall held firm amid hopes that it could avoid direct trade action from the US.
The…
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