Sterling rose against the US Dollar on Tuesday as traders assessed the impact of President Trump's tariffs on Canada, Mexico, and China, amid signs of a slowing US economy. The Pound reached $1.2741, its highest in nearly three months, and was up by 0.18% at the time of writing.
Ukrainian President Volodymyr Zelensky received a warm reception in Britain following a disastrous meeting with US President Donald Trump on Friday. British Prime Minister Keir Starmer stated on Sunday that European leaders had agreed to draft a peace proposal to present to Washington.
Trump’s tariffs Tuesday is here, and the levies are reshaping the global investment landscape in real-time, warns the CEO of one of the world’s largest independent financial advisory and asset management organisations. Nigel Green of deVere Group is weighing in as the US imposes sweeping 25% tariffs on Canada and Mexico, an additional 10% on Chinese imports, and a looming threat against the European Union, and as markets brace for increased volatility.
The global "crypto arms race" is on, with Donald Trump announcing a strategic US reserve of digital assets the stakes have skyrocketed, predicts the CEO of one of the world's largest independent financial advisory and asset management organizations.
US inflation could jump by 1.1% to 1.4% if Trump’s tariffs on Canada and Mexico take effect, and an additional 0.7% from the measures on China, forecasts global financial advisory giant, deVere Group. The analysis comes as US President Donald Trump on Thursday said that his proposed 25% tariffs on Mexico and Canada will go into effect March 4.
