Pound Slides to Three-Month Low, Dollar Strengthens as Markets Brace for Trump-Driven Inflation
Overview:The British pound continued its descent, reaching $1.28, a three-month low, as the U.S. dollar gained ground. The dollar’s rally is driven by expectations that Trump’s economic policies could spur inflation, putting limits on the Federal Reserve’s capacity to reduce borrowing costs. UK Labor Market and BoE’s Cautious StanceIn the UK, labor market data provided […]