Sterling gains as markets weigh Trump tariff threat linked to Greenland purchase
Sterling rose 0.16% to $1.3402 on Monday as traders reacted to new US tariff threats. Markets now await critical UK economic data amid trade uncertainty.
Insights:
Sterling rose 0.16% to $1.3402 on Monday, January 19, 2026, as foreign exchange markets reacted to a significant trade policy shift from Washington. This gain comes after the British Pound / US Dollar ended the previous week down 0.13%. The move follows an announcement from Donald Trump donald trumpregarding a 10% tariff on eight European nations, including the United Kingdom 
GB, which is set to take effect on February 1. This measure is conditional on the United States 
USbeing able to purchase Greenland.
GB, which is set to take effect on February 1. This measure is conditional on the United States USbeing able to purchase Greenland.The proposed tariffs target goods from Denmark 
DK, Norway 
NO, Sweden 
SE, France 
FR, Germany 
DE, the Netherlands 
NL, Finland 
FI, and Britain. In response to the development, Prime Minister Keir Starmer keir starmercalled for a calm discussion on the Greenland matter on Monday. Meanwhile, European allies are already preparing retaliatory measures to protect their interests. Against this backdrop, the US Dollar Index slipped broadly as global investors moved money away from assets in the United States.
DK, Norway NO, Sweden SE, France FR, Germany DE, the Netherlands NL, Finland FI, and Britain. In response to the development, Prime Minister Keir Starmer keir starmercalled for a calm discussion on the Greenland matter on Monday. Meanwhile, European allies are already preparing retaliatory measures to protect their interests. Against this backdrop, the US Dollar Index slipped broadly as global investors moved money away from assets in the United States.
