Pound Sterling Price News and Forecast: GBP rebounds against US Dollar

Pound Sterling rebounds against US Dollar while US court blocks Trump’s tariffs

The Pound Sterling (GBP) recovers from early losses against the US Dollar (USD), after hitting a bottom of 1.3415, and ticks up around 1.3470 during European trading hours on Thursday. The GBP/USD pair rebounds as the US Dollar surrenders a chunk of its initial gains, as the United States (US) Court of International Trade’s verdict against President Donald Trump’s tariffs increases economic uncertainty further.

The event also seems critical for business owners, who started designing their procurement strategies, considering Trump’s levies as the new normal for the global economy.  boosted the US Dollar and caused GBP/USD to stretch lower. Read more…