GamesPad USD Price & Performance (GMPDUSD)

The S&P 500 has dropped 10% from its February peak, erasing $5 trillion in value, as escalating trade tensions rattle markets. President Trump’s proposed 200% tariff on European goods and retaliatory measures from Canada and the EU have heightened concerns of an economic slowdown, raising the risk of a bear market.1

The British pound fell 0.35% against the dollar, trading at 1.2918, as market sentiment soured over escalating trade disputes. Despite recent gains earlier this month, GBP/USD faces hurdles from trade uncertainty and mixed economic data, with the Bank of England expected to hold interest rates steady at 4.5% this week.2

Market focus shifts to the Federal Reserve's upcoming decision, with rates likely to remain at 4.5%. Investors are closely watching for guidance from Chair Powell as stubborn inflation and weakening economic momentum complicate policy. The Fed's outlook could influence the dollar and broader market sentiment.1