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The Pound Sterling falls to near 1.3400 against the US Dollar as the US reaches a trade agreement with the EU. Investors expect the Fed to leave interest rates steady on Wednesday. The BoE is expected to cut interest rates next week. The Pound Sterling (GBP) drops to near 1.3400 against the US Dollar (USD) during the European trading session on Monday. The GBP/USD pair falls as the US Dollar attracts bids after the announcement of a trade framework between the United States (US) and the European Union (EU). The US Dollar Index (DXY), which tracks the Greenback’s value against six major currencies, rises to near 97.90 at the time of writing. Over the weekend, US President Donald Trump announced a trade agreement with the EU, which states that the baseline tariffs on imports from Brussels will be 15%, half of what Trump threatened in the mid of the month. The US-EU tariff deal has led to a sharp increase in demand for riskier assets. However, risk-sensitive currencies struggle to capitalize on the cheerful market mood as the agreement has also improved the outlook for the US Dollar. Trade agreement confirmation between both economies on both sides of the Atlantic has undermined uncertainty surrounding the August 1 tariff deadline, which was keeping a lid over the US Dollar’s upside. The US-EU trade pact confirmation indicates that Washington has closed deals with several of its key trading partners, except Canada and Mexico. Meanwhile, investors await US-China trade talks in Stockholm to discuss the tariff truce, which will start from Monday. According to the South China Morning Post (SCMP), Washington and Beijing are expected to extend their tariff truce for 90 days, which will expire on August 12. US Dollar PRICE Today The table below shows the percentage change of US Dollar…

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Filed under: News - @ July 28, 2025 4:33 pm