GBP/XCD Price & Performance (GBPXCD)

President Trump has announced a 200% tariff on European wine and spirits, intensifying global trade conflicts. This move has prompted retaliatory measures from the EU and Canada, adding uncertainty to the economic outlook. Markets are bracing for further volatility as inflation concerns and geopolitical risks weigh heavily on sentiment.12

The S&P 500 has entered correction territory, losing 10% from its February peak. This marks a $5 trillion loss in market value. While inflation data briefly eased declines, ongoing trade disputes and fears of slowing growth continue to pressure equities. Investors now await central bank decisions for clearer guidance.13

The U.S. dollar remains volatile, rebounding slightly after a week of losses. Inflation concerns and trade policy uncertainties have created a tug-of-war for currency traders. With consumer sentiment data missing expectations and global trade tensions escalating, the greenback's trajectory remains uncertain in the near term.34