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Dollar extends gains as GBP/USD slides below 1.2350 follow fresh Trump headlines
The Dollar has lurched higher in recent trading following a news headline, reportedly from Donald Trump suggesting he is about top announce a new national emergency economic program that will enforce new trade tariffs. That has sent shockwaves around the markets and sent the dollar screaming higher again. So, the EUR/USD has done what it should anyway and duly fallen further, below the 1.03 handle and just below 1.0275. The Pound has fared even worse than that and taken out the previous 2025 low around 1.2350. The low seen was set around 1.2325, but it is on the rebound now, rising back towards 1.2375. This news does need more depth and confirmation of exactly what it might actually entail. The GBP/USD is right now at 1.2375
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