GBP/LSL Price & Performance (GBPLSL)

The S&P 500 has officially entered correction territory, declining by 10% from its February highs and erasing $5 trillion in market value. Escalating trade tensions, including newly announced tariffs on European goods, have fueled investor fears. Meanwhile, inflation data showed signs of cooling but failed to offset the market's downward trajectory.12

The U.S. dollar weakened after Michigan Consumer Sentiment fell short of expectations, highlighting concerns about the economic outlook. The greenback remains volatile amid trade-related uncertainties and shifting Federal Reserve policy expectations. Analysts are watching closely for further signals from upcoming economic data.34

Global risk sentiment remains fragile as U.S. stock futures and Asian markets show limited recovery from recent losses. The S&P 500 and Nasdaq continue to face pressure from trade war fears and a softening U.S. economy, while commodity currencies struggle to gain ground against the dollar in a cautious trading environment.12