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Jan 28 - 03:55 AM

GBP/USD - Deflated By U.S. Tariff Concerns

By Robert Howard  —  Jan 28 - 02:33 AM

• Cable down to 1.2435 in Asia, as U.S. tariff concerns lifted the dollar

• Bessent pushes universal 2.5% tariff plan that would rise each month - FT

• Trump made fresh remarks about imposing tariffs on Monday

• 1.2435 is lowest level since Monday's 1.2523 top (highest level since Jan 7)

• Monday's low was 1.2426 (as AI market rout buoyed the safe-haven USD)

• UK PM Starmer and Reeves to announce growth-boosting pension reform plans

GBPUSD


(Robert Howard is a Reuters market analyst. The views expressed are his own)

Source:
London Stock Exchange Group | Thomson Reuters

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