A World of International Payments

Achieving more for your money

Open an account

USD Weakens as Tariff Concerns Drive Sell America Trade

In the last two days we have seen a strong indication of weakness for USD. Since Friday both EUR and GBP have taken major advantages to its currency peer. Tuesday morning has opened in red for USD, with markets continuing a ‘‘sell America’’ trade after Donald Trump’s latest tariff threats of additional 10% tariffs. GBP/USD is up 1% since yesterday’s low, while EUR/USD have seen gains of almost 1.2%. Eurozone leaders are meeting in Brussels this week to discuss how the situation should be handled and with potential retaliation from Europe applied on the US.

We did see UK average earnings released this morning, below its previous figures of 4.8% down to 4.7% showing signs that employers salaries are not growing as wished. At the same time, we also had UK unemployment figures that were held at the same level as its previous of 5.1%. Even if we have seen economic releases from the UK, the Greenland/tariff situation is overshadowing it for the time being.

In the afternoon we will also see the weekly employment change in the US. With already growing volatility for USD-pairs, any indications or surprises coming off expectations could generate additional movement for markets to pressure the USD further. This would be if labour figures came in short.

GBP/EUR 1.1461 GBP/USD 1.3457 GBP/AED 4.9454
GBP/AUD 1.9979 GBP/CHF 1.0621 GBP/CAD 1.8598
GBP/NZD 2.3039 EUR/USD 1.1727 GBP/ZAR 22.1279

Our Locations

Currencies 4 You operates in a number of locations, speak to your local representative for the best solutions for you.

We help our clients achieve more by providing competitive rates on their international transfers in over 140 currencies.

Service Links

Company Links

Subscribe

Join our newsletter for regular news and updates on the state of the currency market and the best time to trade

By subscribing you agree with our Privacy Policy and provide consent to recieve updates from our company.

© Currencies 4 You Limited 2024

Currencies 4 You Ltd is a company registered in England and Wales (registered no. 06866898). Registered office: Regus House Victory Way Admirals Park, Crossway, Dartford, Kent, DA2 6QD. Currencies 4 You Ltd Payment and for clients based in the United Kingdom and rest of the world, payment services for Currencies4you are provided by The Currency Cloud Limited. Registered in England and Wales No. 06323311. Registered Office: Stewardship Building 1st Floor, 12 Steward Street London E1 6FQ. The Currency Cloud Limited is authorised by the Financial Conduct Authority under the Electronic Money Regulations 2011 for the issuing of electronic money (FRN: 900199).For clients based in the European Economic Area, payment services for Currencies4you are provided by CurrencyCloud B.V.. Registered in the Netherlands No. 72186178. Registered Office: Nieuwezijds Voorburgwal 296 – 298, Mindspace Nieuwezijds Office 001 Amsterdam. CurrencyCloud B.V. is authorised by the DNB under the Wet op het financieel toezicht to carry out the business of an electronic-money institution (Relation Number: R142701). For clients based in the United States, payment services for Currencies4you are provided by The Currency Cloud Inc. which operates in partnership with Community Federal Savings Bank (CFSB) to facilitate payments in all 50 states in the US. CFSB is registered with the Federal Deposit Insurance Corporation (FDIC Certificate# 57129). The Currency Cloud Inc is registered with FinCEN and authorised in 39 states to transmit money (MSB Registration Number: 31000206794359). Registered Office: 104 5th Avenue, 20th Floor, New York, NY 10011. Currencies Cloud Terms of Use Payment Services are provided by Equals Connect Limited, registered in England and Wales (registered no. 07131446). Registered Office: Vintners’ Place, 68 Upper Thames St, London, EC4V 3BJ. Equals Connect Limited are authorised by the Financial Conduct Authority to provide payment services (FRN: 671508). Foreign Exchange and Payment Services for customers introduced by Currencies 4 You to Sciopay Ltd are provided solely by Sciopay Ltd. Sciopay Ltd is a company incorporated in England & Wales with Registration No: 12352935. Sciopay Ltd is licensed and regulated by HMRC as a Money Service Business (MSB) with Licence No: XCML00000151326. Sciopay Ltd is authorised by the Financial Conduct Authority as an Authorised Payment Institution with Firm Reference Number: 927951. Currencies 4 you’s payment and foreign currency exchange services are provided by Global Currency Exchange Network Ltd T/A GC Partners. Global Currency Exchange Network Ltd is authorised by the FCA under the Payment Services Regulations, 2017 (FRN: 504346). Registered as a Money Services Business, regulated by HM Revenue & Customs (“HMRC”) under the Money Laundering Regulations 2017. (Registration number is 12137189). Registered in England and Wales. Company number 04675786. Registered Office 3rd Floor 100 New Bond Street, London, England, W1S 1SP. All testimonials, reviews, opinions or case studies presented on our website may not be indicative of all customers. Results may vary and customers agree to proceed at their own risk. For clients based in the European Economic Area, the issuance of e-money and the provision of related payment services for Currencies 4 You (IB) are provided by CurrencyCloud B.V. CurrencyCoud B.V. is registered with the Dutch Chamber of Commerce in the Netherlands under number 72186178. Registered office Mr. Treublaan 7, 1097 DP, Amsterdam, Netherlands. CurrencyCloud B.V. is licensed and regulated by De Nederlandsche Bank as an Electronic Money Institution (Relation Number: R142701).