Sterling’s Bounce‑Back: Dollar vs. Trade Turbulence
Monday morning, the pound gave a polite bump to the dollar, climbing about 0.3% to $1.356 and snapping back from last week’s slump.
What’s Behind the Rises?
- It’s recovered from a dip that had it dipping from its highest point since 2022.
- In the year‑to‑date run, sterling’s demand for dollars jumped 8.1%, beating the shakiness on the U.S. side over Trump’s tariff plans.
- The dollar index slid 0.3% on Monday and is already down a solid 8.8% for the year.
- Against the euro, the pound nudged 0.1% higher to 1.187.
Takeaway
While sterling is showing a solid rebound, keep a close eye on U.S. trade policies and global sentiment—they’re still the big drivers of currency moves.
