GBP/GTQ Price & Performance (GBPGTQ)

The US dollar strengthened against major currencies as President Trump confirmed additional tariffs on Canada, Mexico, and China. Markets reacted with falling stocks and rising fears of stagflation. Analysts warn the move could escalate trade tensions and potentially lead to currency conflicts, with Beijing considering retaliatory measures.1

The Bank of England's decision to hold interest rates at 4.5% led to a slight dip in the GBP/USD exchange rate. While the Pound gained against some peers, cautious market sentiment favored the US dollar. Upcoming UK consumer confidence data may further influence the currency's movement.2

The GBP/USD exchange rate remained steady earlier this week as weak US retail sales data failed to boost the dollar. Concerns over the US economy and a positive market mood supported the Pound. However, analysts suggest upcoming UK job figures and BoE decisions could bring volatility.3