
GBP/USD slumps as Trump’s tariff talk overpowers US PCE data
GBP/USD falls 0.16% to 1.2398, continuing its decline as Trump threatens tariffs on Canada and Mexico. US inflation aligns with expectations, Core PCE Index rises 0.2% MoM; Fed’s rhetoric supports dollar strength. US Dollar Index (DXY) climbs 0.20%, reflecting gains against major currencies, including the Pound. The Pound Sterling extended its losses for the second…