The GBP/USD exchange rate against the currency counterpart
The GBP/USD pair attracts some dip-buyers near the 1.2830 region, or over a one-month low touched during the Asian session on Monday and for now, seems to have stalled its retracement slide from a six-month peak touched last week. Spot prices currently trade around the 1.2900 round figure, though the uptick lacks bullish conviction amid the gloomier global economic outlook.
US President Donald Trump's sweeping reciprocal tariffs announced last Wednesday fueled worries about the widening trade war, which, in turn, could dent the global. This continues to weigh heavily on investors' sentiment and is evident from a sea of red across the global equity markets. This is seen benefiting the US Dollar's (USD) relative safe-haven status against its British counterpart and acting as a headwind for the GBP/USD pair.
Source: FXStreet