Pound Sterling (GBP)

The British Pound showed mixed performance yesterday and this morning, as global markets remained volatile due to ongoing trade tensions driven by U.S. tariffs. Investors were cautious, with the Pound recovering slightly from recent lows against the U.S. Dollar but struggling to gain momentum. Concerns about the broader economic impact of tariffs weighed on sentiment, while traders awaited further clarity on economic data and policy developments.

Euro (EUR)

The Euro experienced some gains in early trading this morning after a turbulent Monday. Yesterday, demand for the U.S. Dollar surged, which pressured the Euro as investors sought dollar liquidity amidst equity market turmoil. However, this morning, the Euro rebounded slightly as traders began to consider potential retaliatory measures by the European Union against U.S. tariffs, which could influence market dynamics in the coming days.

U.S. Dollar (USD)

The U.S. Dollar has faced significant volatility over the past 24 hours. Yesterday, it saw strong demand from non-U.S. investors due to global stock selloffs and fears of a recession linked to President Trump’s tariff policies. However, this morning, the Dollar has weakened slightly as demand shifted to other safe-haven currencies like the Japanese Yen and Swiss Franc, reflecting growing uncertainty about the U.S. economy’s resilience under heightened trade tensions.