Pound Sterling (GBP)

The Pound regained some strength after news broke of a delay in global tariffs. Calmer trade tensions and hopes for a global market recovery gave investors more confidence in the currency. Still, ongoing geopolitical and economic uncertainties keep the mood cautious, with the Pound remaining sensitive to shifts in global risk and investor sentiment.

Euro (EUR)

The Euro stayed strong as investors looked for safer options due to worsening trade tensions between the U.S. and China. The threat of higher tariffs and a drawn-out trade war led to a drop in global stock markets and weakened the U.S. Dollar. In contrast, the Euro gained ground, as it’s often seen as more stable and tends to rise when the Dollar falls.

U.S. Dollar (USD)

The Dollar lost value even after a temporary pause in new tariffs. Ongoing concerns about trade with China and mixed economic signals made investors uneasy. Although the Dollar saw a brief recovery, it fell again during Asian trading, as fears of slower economic growth and unclear direction from the Federal Reserve pushed investors toward other, safer currencies.