Sterling gains ground while traders eye U.S. tariff shifts and Manchester by-election
Sterling rose on Monday as investors weighed new U.S. import levies. Traders are also focused on Thursday's high-stakes special election in Manchester.
Sterling strengthened against the dollar on Monday as the forex market reacted to a significant U.S. Supreme Court ruling against the global tariffs previously championed by President Donald Trump. The move in the United Kingdom 
GB comes after the court decision at the end of last week was met with a swift response from the U.S. administration, which announced a new 15% import levy. This sequence of events has increased trade-policy uncertainty, directly impacting investor expectations for the pound and near-term Bank of England policy.
GB comes after the court decision at the end of last week was met with a swift response from the U.S. administration, which announced a new 15% import levy. This sequence of events has increased trade-policy uncertainty, directly impacting investor expectations for the pound and near-term Bank of England policy.
