April 5, 2025 – Written by Frank Davies
STORY LINK US Jobs Data Stems Panic Selling, GBP/EUR and GBP/USD Recover
Markets have attempted to stabilise after the US jobs data, but the underlying mood remains extremely fragile.
Earlier, confidence took a further dive following China’s announcement that it would impose retaliatory 34% tariffs on imports from the US.
The move triggered further concerns over retaliation by other countries and increased fears that the global economy would slide into recession.
The FTSE 100…
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