- GBP/USD weakens to 1.3330 on Monday, down 0.25% for the day.
- Donald Trump’s threat of new tariffs on China fuels market caution.
- Investors await BoE member Catherine Mann’s speech ahead of UK employment data on Tuesday.
GBP/USD falls around 1.3330 on Monday, losing 0.25% for the day at the time of writing. The US Dollar (USD) strength limits any rebound in the pair, despite a generally risk-off market mood following US President Donald Trump’s renewed tariff threats against China.
On Friday, Trump announced his intention to impose 100% tariffs on Chinese imports starting November 1, in response to Beijing’s restrictions on exports of rare earth elements and strategic equipment. China defended its measures as a legitimate response to US economic aggression, though it stopped short of announcing new duties on American goods for now.
The growing uncertainty surrounding trade relations between the world’s two largest economies is fueling risk aversion. According to Jan Hatzius, Chief Economist at Goldman Sachs, “recent trade policy moves suggest a wider range of possible outcomes, from potential concessions to temporary but substantial increases in export restrictions and tariffs.”
Domestic factors are also weighing on the Pound Sterling (GBP). Markets expect UK Chancellor of the Exchequer Rachel Reeves to announce new tax hikes in the Autumn Statement to address the country’s ballooning fiscal deficit. A move that could dampen household sentiment and consumer spending.
Attention now turns to the Bank of England (BoE) Monetary Policy Committee member Catherine Mann's speech, which is scheduled for Monday at 19:10 GMT, and may offer clues about the central bank’s current stance amid mounting economic headwinds. Next, UK employment data for the three months ending in August is due on Tuesday, which could shape the Bank of England’s next policy steps.
Caution is likely to prevail at the start of the week, with US markets closed for Columbus Day and investors closely monitoring developments in the trade dispute between Washington and Beijing.
Pound Sterling Price Today
The table below shows the percentage change of British Pound (GBP) against listed major currencies today. British Pound was the strongest against the Euro.
| USD | EUR | GBP | JPY | CAD | AUD | NZD | CHF | |
|---|---|---|---|---|---|---|---|---|
| USD | 0.43% | 0.12% | 0.17% | 0.15% | 0.02% | 0.35% | 0.43% | |
| EUR | -0.43% | -0.31% | -0.18% | -0.29% | -0.33% | -0.08% | -0.01% | |
| GBP | -0.12% | 0.31% | 0.14% | 0.02% | -0.03% | 0.23% | 0.28% | |
| JPY | -0.17% | 0.18% | -0.14% | -0.09% | -0.21% | 0.21% | 0.20% | |
| CAD | -0.15% | 0.29% | -0.02% | 0.09% | -0.17% | 0.22% | 0.26% | |
| AUD | -0.02% | 0.33% | 0.03% | 0.21% | 0.17% | 0.27% | 0.31% | |
| NZD | -0.35% | 0.08% | -0.23% | -0.21% | -0.22% | -0.27% | 0.04% | |
| CHF | -0.43% | 0.00% | -0.28% | -0.20% | -0.26% | -0.31% | -0.04% |
The heat map shows percentage changes of major currencies against each other. The base currency is picked from the left column, while the quote currency is picked from the top row. For example, if you pick the British Pound from the left column and move along the horizontal line to the US Dollar, the percentage change displayed in the box will represent GBP (base)/USD (quote).
Related Articles
UK August GDP: Economy & Assets—Set to Collapse?
TradingKey - The UK is scheduled to release its August GDP figures on 16 October, with the market widely anticipating a 0.1% month-on-month increase in real GDP (Figure 1). If this expectation is fulfilled, it will represent the UK economy’s third consecutive month of recovery, following two straigh
U.S. Banks Q3 Earnings Preview: Big 5 Banks See Double-Digit EPS Growth, Investment Banking Hits 4-Year High
TradingKey - The 2025 U.S. earnings season kicks off this week with results from major banks. Amid elevated investor sentiment and the Trump administration pushing for deregulation, analysts expect another strong quarter for the banking sector — driven by booming trading activity and a resurgence
U.S.–China Tariff Easing Sparks Crypto Rebound — Can Bitcoin Reclaim Its Peak?
The U.S. signals a softer stance on tariffs, helping Bitcoin reverse losses. Rate cut expectations may push BTC back toward $126,000.
FOMC October Meeting Minutes: How Should Investors Respond?
In the context of the U.S. government shutdown and a period of limited economic data, the Federal Reserve’s release of its latest monetary policy meeting minutes and officials’ statements on 8 October will be particularly significant.
Broadcom Q3 FY2025 Earnings Review: AI Surge and VMware Synergy Fuel Record Performance
TradingKey - Broadcom Inc. (NASDAQ: AVGO) delivered a strong fiscal Q3 2025, with results driven by AI networking strength and continued VMware integration. Revenue and EPS both topped expectations, reinforcing the company’s role as an essential player in the AI infrastructure buildout.
