Pound Sterling recovered prior losses from the US Dollar and Euro overnight on Thursday after the White House announced a 90-day delay to the implementation of its new global import tariff, which could see GBP/EUR back around 1.1720 in the session ahead as GBP/USD recovers the 1.29 handle.

April 10,2025

The British Pound fell against an unraveling US dollar and saw larger losses in many crosses on Wednesday after the Sterling bond market unraveled across the curve, driving long-term financing costs to their highest since 1998, and as Storm Rachel continued to gather over the UK economy.

April 9,2025

Pound Sterling rose smartly against a receding US Dollar on Wednesday as the Euro, Japanese Yen and Swiss Franc each rose further against the Renminbi and greenback following the People’s Bank of China’s latest central parity fixings.

April 9,2025

The two slight increases in the People’s Bank of China’s central parity fixes for USD/CNY on Monday and Tuesday have stoked speculation that it might be contemplating a devaluation of the Renminbi, however, the fixes for the 24 other currencies in the basket show that a devaluation is likely not on Beijing’s agenda.

April 8,2025

The Pound to Dollar rate fell below a major long-term pivot level on Monday and could now face headwinds on any recovery above 1.2850 on Tuesday, including sales associated with Beijing’s management of GBP/CNY, and possible further sales of GBP/JPY and GBP/EUR from the FX desk at JPMorgan.

April 8,2025

Pound rallies as UK 'spared' with 10% tariff.

May 8,2025