The Pound Sterling (GBP) surges to near 1.3200 against the US Dollar (USD) during the North American trading hours on Thursday, the highest level seen in almost six months.
European Central Bank (ECB) Vice President Luis de Guindos said on Thursday, “in terms of monetary policy, this uncertainty means we need to be extremely prudent when determining the appropriate stance.”
The GBP/USD pair gains strong follow-through positive traction for the second successive day on Thursday and advances to its highest level since October 2024 during the Asian session.
Gold price (XAU/USD) finds some support near the $3,116 area during the first half of the European session and for now, seems to have stalled its intraday pullback from a fresh all-time peak touched earlier this Thursday.
Stock market is in a turmoil due to Trump's tariffs on global stocks. Learn which countries and US companies are most affected and how to identify opportunities for profit amidst the chaos.
European Commission President Ursula von der Leyen responded to US President Donald Trump’s ‘reciprocal tariffs’ on Thursday, noting that “US tariffs are a major blow to the world economy.”
The Indian Rupee (INR) remains under selling pressure on Thursday, pressured by the weakening in Asian equity and currency markets after US President Donald Trump imposed broad-based tariffs.
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