On Monday, the British pound increased by about 0.3% against the US dollar to $1.356, recovering from losses incurred previously. The decline in the pound last week followed a peak not seen since 2022. Despite this fluctuation, the pound has appreciated by 8.1% against the dollar year-to-date, influenced by decreasing investor confidence related to Donald Trump's tariff policies. Meanwhile, the dollar index dropped by 0.3% and has seen an overall decline of 8.8% this year, while the pound also gained slightly against the euro, increasing by 0.1% to 1.187.
On Monday morning, sterling edged higher against the dollar, trading at $1.356, recovering around 0.3% from losses experienced last week.
Last week, the pound fell from its highest point since 2022, but year-to-date, Sterling has seen a remarkable 8.1% recovery against the dollar.
Investor confidence in the US has been shaken by Donald Trump's tariffs policy, contributing to a notable decline in the dollar index, down 8.8% this year.
The dollar index was 0.3% lower as of Monday morning while the pound also showed slight recovery, gaining 0.1% against the euro to 1.187.
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