Pound soars, gold hits $3,500 for first time amid Trump turmoil

https://uk.finance.yahoo.com/news/pound-dollar-gold-oil-recession-trump-tariffs-083651885.html

by Upstairs_Drive_5602

9 comments

  1. What is this fake news?

    The pound does not soar.

    Currently 1 GBP = 1.16 EUR which is a very bad rate.

    We had 1 GBP = 1.21 EUR in December. Also in March. The current 1.16 rate sucks. And European Holiday season coming up.

    [https://finance.yahoo.com/quote/GBPEUR%3DX/](https://finance.yahoo.com/quote/GBPEUR%3DX/)

  2. Corrected title: “GBP drops slightly less than USD while EUR soars”

  3. Pound didn’t soar, it’s dollar that’s collapsing. GBP’s movement against non-dollar currencies is quite minimal.

  4. Slight correction, uk and eu markets are more enticing than that of US

  5. We bought loads in Thailand 2018 (gold jewellery is *the* investment of choice) and it’s pretty much tripled in value going off today’s gold shop prices. Insane old trump must be adding loads to Thai GDP every day 🤣

  6. Nice timing on this article as the IMF have just said that we’re going to be one of the worst affected countries:

    > Britain’s economy will be among the hardest hit by the global trade war and inflation is set to climb, the International Monetary Fund (IMF) has warned – as it slashed its UK growth forecast by a third.

    > In a sobering set of projections, the Washington-based organisation said it was grappling with “extremely high levels of policy uncertainty” – and the global economy would slow even if countries manage to negotiate a permanent reduction in tariffs from the US.

    > Echoing earlier warnings about the risks to the global financial system, the IMF said stock markets could fall even more sharply than they did in the aftermath of Donald Trump’s “Liberation Day” tariffs announcement, when US and UK indices recorded some of their largest one-day falls since the pandemic.

    > It comes as Chancellor Rachel Reeves prepares to meet her US counterpart Scott Bessent at the IMF’s spring gathering in Washington this week.

    > She is hoping to negotiate a reduction to the 10% baseline tariff the US president has applied to all UK goods. Steel, aluminium and car exports face an additional 25% tariff.

  7. “Pound soars, *AND* gold hits $3,500”

    We can’t let this American abomination of replacing “and” with a comma grow.

  8. ITT: People incapable of dealing with things that have relative value.

    How can a bird in the UK be soaring? Compared to the reference point of Australia the bird is actually falling off the earth.

  9. Trump being a lunatic has money being moved from the Dollar, to Gold.

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