Pound Sterling (GBP) surged to nearly 1.3490 against the US Dollar (USD) during the European trading session on Tuesday, building on the gains from the previous day. The GBP/USD currency pair has benefited from a heightened “Sell America” sentiment, driven by escalating tensions between the United States and the European Union over issues related to Greenland.
This deterioration in US-EU relations has prompted traders to reassess their positions, leading to increased demand for the GBP. As the exchange rate continues to fluctuate, market participants are closely monitoring geopolitical developments that could further impact trading dynamics between the USD and EUR, potentially influencing broader forex market trends.
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Data Source: FX Killer Analysis Team Updated: 2026-01-20 13:46
Disclaimer: This article is for reference only and does not constitute investment advice. Forex trading involves risks; please make decisions carefully.