Pound Sterling edges lower against US Dollar after Trump defends USD dominance

Pound Sterling edges lower against US Dollar after Trump defends USD dominance

GBP/USD 4-hour Chart

The Pound Sterling falls on Monday against the US Dollar after Donald Trump threatened BRICS with 100% tariffs, supporting the Greenback. Trump said he would impose tariffs if the trading group tried to replace the US Dollar with their own reserve currency. Technically, GBP/USD remains in an uptrend, within which it is undergoing a correction.

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