<\/p>\n
The Pound Sterling (GBP) falls back after posting a fresh two-month high near 1.2680 against the US Dollar\u00a0in North American\u00a0trading hours on Friday. The GBP\/USD pair surrenders intraday gains and turns negative as the US Dollar bounces back. The US Dollar Index (DXY), which tracks the Greenback\u2019s value against six major currencies, rebounds to near 106.65 from its Year-To-Date (YTD) low of around 106.30, which it posted on Thursday.<\/p>\n
On Thursday, the Greenback tumbled\u00a0as its risk premium had\u00a0diminished, with investors anticipating that United States (US) President Donald Trump\u2019s tariff agenda won\u2019t lead to a significant slowdown in the global economy.<\/p>\n
Till now, President Trump has imposed 25% tariffs on aluminum and steel and 10% on all imports from China. He has threatened to impose a 25% levy on cars, semiconductors, and pharmaceuticals and the introduction of reciprocal tariffs without any detail and timeline. Investors had anticipated that Trump would announce a slew of tariffs soon after returning to the White House in January, based on his comments in the election campaign, which has forced them to believe that Trump\u2019s tariff policies are just a \u2018tactic\u2019 to have the upper hand while having negotiations with his allies.<\/p>\n
On the monetary policy front, Federal Reserve<\/a> (Fed) officials have been guiding a restrictive monetary policy stance. On Thursday, Fed Governor Adriana Kugler said that the central bank should keep borrowing rates \u201cin place\u201d for \u201csome time,\u201d noting the net effect of new economic policies is \u201chighly uncertain\u201d and will depend on the \u201cspecifics.\u201d<\/p>\n The table below shows the percentage change of the British Pound (GBP) against listed major currencies today. British Pound was the strongest against the Japanese Yen.<\/p>\n The heat map shows percentage changes of major currencies against each other. The base currency is picked from the left column, while the quote currency is picked from the top row. For example, if you pick the British Pound from the left column and move along the horizontal line to the US Dollar, the percentage change displayed in the box will represent GBP (base)\/USD (quote).<\/p>\n<\/div>\n<\/div>\nDaily digest market movers: Pound Sterling demonstrates discrete performance against its peers<\/h2>\n
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British Pound PRICE Today<\/h2>\n
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\n \n\u00a0<\/th>\n USD<\/th>\n EUR<\/th>\n GBP<\/th>\n JPY<\/th>\n CAD<\/th>\n AUD<\/th>\n NZD<\/th>\n CHF<\/th>\n<\/tr>\n<\/thead>\n \n USD<\/th>\n \u00a0<\/td>\n 0.26%<\/td>\n 0.20%<\/td>\n 0.56%<\/td>\n 0.05%<\/td>\n 0.31%<\/td>\n 0.15%<\/td>\n 0.22%<\/td>\n<\/tr>\n \n EUR<\/th>\n -0.26%<\/td>\n \u00a0<\/td>\n -0.07%<\/td>\n 0.30%<\/td>\n -0.21%<\/td>\n 0.05%<\/td>\n -0.12%<\/td>\n -0.05%<\/td>\n<\/tr>\n \n GBP<\/th>\n -0.20%<\/td>\n 0.07%<\/td>\n \u00a0<\/td>\n 0.38%<\/td>\n -0.14%<\/td>\n 0.10%<\/td>\n -0.05%<\/td>\n 0.02%<\/td>\n<\/tr>\n \n JPY<\/th>\n -0.56%<\/td>\n -0.30%<\/td>\n -0.38%<\/td>\n \u00a0<\/td>\n -0.47%<\/td>\n -0.24%<\/td>\n -0.41%<\/td>\n -0.34%<\/td>\n<\/tr>\n \n CAD<\/th>\n -0.05%<\/td>\n 0.21%<\/td>\n 0.14%<\/td>\n 0.47%<\/td>\n \u00a0<\/td>\n 0.24%<\/td>\n 0.09%<\/td>\n 0.15%<\/td>\n<\/tr>\n \n AUD<\/th>\n -0.31%<\/td>\n -0.05%<\/td>\n -0.10%<\/td>\n 0.24%<\/td>\n -0.24%<\/td>\n \u00a0<\/td>\n -0.15%<\/td>\n -0.10%<\/td>\n<\/tr>\n \n NZD<\/th>\n -0.15%<\/td>\n 0.12%<\/td>\n 0.05%<\/td>\n 0.41%<\/td>\n -0.09%<\/td>\n 0.15%<\/td>\n \u00a0<\/td>\n 0.07%<\/td>\n<\/tr>\n \n CHF<\/th>\n -0.22%<\/td>\n 0.05%<\/td>\n -0.02%<\/td>\n 0.34%<\/td>\n -0.15%<\/td>\n 0.10%<\/td>\n -0.07%<\/td>\n \u00a0<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n Technical Analysis: Pound Sterling aims to stabilize above 38.2% Fibo retracement<\/h2>\n