January 20, 2025 – Written by Tim Boyer
STORY LINK US Dollar Slides vs Pound, Euro as Trump Delays Tariffs Action
The US Dollar (USD) edged lower in European trading and then posted sharp losses against the Euro (EUR) and Pound Sterling (GBP) following reports that the Trump Administration will not move to impose immediate tariffs on key trade partners.
From lows close to 1.2160, the Pound to Dollar (GBP/USD) exchange rate surged to 10-day highs around 1.2320.
According to Scotiabank, “A positive week for the GBP this week…
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