GBPUSD

One of the pairs that saw increased volatility following President Trump's announcement of additional tax packages was GBPUSD. The pair, which maintains a positive correlation with EURUSD, shows that the Bank of England's interest rate policy is unlikely to have an impact against the dollar. In this pair, which has risen due to the pullback in the Dollar Index, it is anticipated that today's Non-Farm Payroll (Previous: 151K Expected: 137K) data could increase volatility. In a recent statement, UK Trade Secretary Jonathan Reynolds expressed confidence that the new 10% customs duty imposed by the US on UK exports could be reduced. British officials are conducting talks with the White House to strengthen economic ties between the two countries, but it does not appear to be effective in the pricing of the pair.