February 3, 2025 – Written by David Woodsmith
STORY LINK GBP/USD Alert: Pound Rallies vs Dollar as Mexico Secures 1-Montb Tariff Delay
BREAKING: The Pound to Dollar exchange rate (GBP) jumped to 1.2420 from around 1.2330 at the US open. Risk appetite recovered strongly after Monday’s opening following reports that President Trump’s 25% tariffs on Mexico had been delayed by 1 month.
The dollar also pared gains against European currencies amid hopes that bilateral negotiations could lead to further concessions.
The…
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