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Pound near three-year high vs the dollar as Trump's trade war sends the greenback tumbling

bannork
in Political Soapbox

Featured Replies

 

With fears over the health of the US economy mounting, sterling rose as much as 0.7 per cent to $1.3557, while investors seeking safety pushed gold back towards its recent all-time high of $3,500 an ounce.

The dollar has fallen 9 per cent against a basket of major currencies this year and analysts at Morgan Stanley are predicting a further 9 per cent drop over the next 12 months.

That could push sterling – just below last month’s three-year high of $1.3593 – back towards $1.50. 

Pound races towards three-year high against the dollar as Trump's trade war sends the greenback tumbling

A double win for Trump surely. A declining dollar to boost US exports and extra costs on Donald's tariffs for the American consumer to shoulder. 

That'll put them off buying any foreign goods. Make America great again, pay more!

    • Like 1

    I'm not very clever with money (No! I hear you cry!) but like many I have my UK pension paid into my Thai bank via Citibank. 

     

    Does that mean that I will get a little bit more sponduliks?

    • Haha 1

    Too funny, what else is Trump's fault.   The GBP can only up, considering where it's been since Brexit.  And a rocky road it's been on.

     

    Up 6% for 5 yrs ago.  But down from 4 yrs ago @ 1.41, just a wee bit of cherry picking.

     

    Up 35% from Sept 2022, same on Sept 2024, still 30% up, who's fault was it then.

     

    Y'all crack me up ...  sad, deranged lives you live :cheesy:

     

    image.png.2a5ebeec25afdbd56da74c07bb6674a2.png

    • Agree 1
    • Thumbs Down 1
    1 hour ago, KhunLA said:

    Too funny, what else is Trump's fault.   The GBP can only up, considering where it's been since Brexit.  And a rocky road it's been on.

     

    Up 6% for 5 yrs ago.  But down from 4 yrs ago @ 1.41, just a wee bit of cherry picking.

     

    Up 35% from Sept 2022, same on Sept 2024, still 30% up, who's fault was it then.

     

    Y'all crack me up ...  sad, deranged lives you live :cheesy:

     

    image.png.2a5ebeec25afdbd56da74c07bb6674a2.png

    Actually, the real fall of the GBP occured after the referendum.

     

    Having said that, it's true that the USD has weakened in 2025. It's the same trend compared with other currencies,such as the €.

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    26 minutes ago, candide said:

    Actually, the real fall of the GBP occured after the referendum.

     

    Having said that, it's true that the USD has weakened in 2025. It's the same trend compared with other currencies,such as the €.

    Yep, EU gave you a right good spanking.  How dare people start to think for themselves ... :coffee1:

    Great for US exports. Great for more bringing back the jobs the left said could never come back. Result! Nice one Trump, looks like you were RIGHT AGAIN😆

    • Like 1
    2 hours ago, KhunLA said:

    Too funny, what else is Trump's fault.   The GBP can only up, considering where it's been since Brexit.  And a rocky road it's been on.

     

    Up 6% for 5 yrs ago.  But down from 4 yrs ago @ 1.41, just a wee bit of cherry picking.

     

    Up 35% from Sept 2022, same on Sept 2024, still 30% up, who's fault was it then.

     

    Y'all crack me up ...  sad, deranged lives you live :cheesy:

     

    image.png.2a5ebeec25afdbd56da74c07bb6674a2.png

    Still can't read, huh? The US $ is tanking against a basket of currencies!

    • Haha 1
    4 minutes ago, SunnyinBangrak said:

    Great for US exports. Great for more bringing back the jobs the left said could never come back. Result! Nice one Trump, looks like you were RIGHT AGAIN😆

    Devaluations are also inflationary.

    • Like 1
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    2 minutes ago, candide said:

    Devaluations are also inflationary.

    As is money printers go brrrrrrrr aka Bidenomics. Your point?

    America a banana republic who’d a thunk it

    • Thumbs Up 1
    • Haha 1
    2 minutes ago, SunnyinBangrak said:

    As is money printers go brrrrrrrr aka Bidenomics. Your point?

    My point is that there is that devaluations generate inflation, which is not what people voted for.

    Imports get more expensive, and local producers will increase their prices if they can sell it at a more expensive price abroad.

    • Agree 1
    32 minutes ago, gargamon said:

    Still can't read, huh? The US $ is tanking against a basket of currencies!

    'tanking' ... we obviously have different opinions of that definition.

     

    My last 3, soon to be 4 deposits @ noted exchange rate, since Trump's inauguration.

     

    Tanking, < 4% if today's is 32  :cheesy: 

     

     

    image.png.1b4bb4171ce033b4a804be357da7e0ae.png

     

    And since being elected, Dec & Jan exchange rates were nice also ... once everyone realized Harris didn't have a snowball's chance of winning, up up & up.

     

    image.png.93efa7e85cbf923ce8a526a9d0a459d4.png

    2 hours ago, KhunLA said:

    The GBP can only up, considering where it's been since Brexit.  And a rocky road it's been on.

     

    Exactly right. Where else was it gonna go, after having been down in the toilet for so long?

     

    Dollar going up again now. Was taking UJ short but that's coming to an end. There's big US news tonight anyway that will further push up the dollar.

    Trump wants a weaker USD, good for exports, USA manufacturing, jobs market.  Doesn't effect Yanks, $1 is still $1 in USA.  Buy USA, support your fellow workers and local economy.

     

    Doesn't help me much, and as long as it stays about ฿30 / $1  then it doesn't affect me at all.   Actually never will, as that exchange rate doesn't affect the money we have here.  ฿1 is still ฿1 here :coffee1:

     

    He's only president for 4 years, and don't expect the ฿ to $ rate to change much, as within ฿30-35 / $1 most of the last 19 years.

     

    Let me know went it dips below ฿30, for more than a week or month, as that will actually be something different, since I've been here for 25 years.

    • Like 1
    20 hours ago, KhunLA said:

    Tanking, < 4% if today's is 32  :cheesy: 

    Today's deposit, @ 32.34

    Thank You President Trump

     

    Past deposits + today's, since inauguration ...

     

    image.png.0034e870c7dee6710691664910f0cc12.png

     

    • Haha 1
    22 hours ago, KhunLA said:

    Too funny, what else is Trump's fault.   The GBP can only up, considering where it's been since Brexit.  And a rocky road it's been on.

     

    Up 6% for 5 yrs ago.  But down from 4 yrs ago @ 1.41, just a wee bit of cherry picking.

     

    Up 35% from Sept 2022, same on Sept 2024, still 30% up, who's fault was it then.

     

    Y'all crack me up ...  sad, deranged lives you live :cheesy:

     

     

     

    It is not just the  GBP.  The USD is down against most world currencies. The USD started falling with the announcement of tariffs. The on again, off again, on again inconsistencies and the lack of actual signed trade deals have created a problem for the US economy.  Have a look at the WISE chart https://wise.com/gb/currency-converter/usd-to-all-rate/chart

    19 hours ago, KhunLA said:

    Trump wants a weaker USD, good for exports, USA manufacturing, jobs market.  Doesn't effect Yanks, $1 is still $1 in USA.  Buy USA, support your fellow workers and local economy.

     

    Doesn't help me much, and as long as it stays about ฿30 / $1  then it doesn't affect me at all.   Actually never will, as that exchange rate doesn't affect the money we have here.  ฿1 is still ฿1 here :coffee1:

     

    He's only president for 4 years, and don't expect the ฿ to $ rate to change much, as within ฿30-35 / $1 most of the last 19 years.

     

    Let me know went it dips below ฿30, for more than a week or month, as that will actually be something different, since I've been here for 25 years.

     

    The weaker USD won't help if  the world is avoiding US  products.

    • Haha 1

    Another decepticon spouting moldy gravy.

     

    I always advise my clients to hold USD no matter the psyop du jour.

     

    Never missed a beat.

     

    That's why I get paid the big bux.

    20 hours ago, KhunLA said:

    Trump wants a weaker USD, good for exports, USA manufacturing, jobs market.  Doesn't effect Yanks, $1 is still $1 in USA.  Buy USA, support your fellow workers and local economy.

     

    Doesn't help me much, and as long as it stays about ฿30 / $1  then it doesn't affect me at all.   Actually never will, as that exchange rate doesn't affect the money we have here.  ฿1 is still ฿1 here :coffee1:

     

    He's only president for 4 years, and don't expect the ฿ to $ rate to change much, as within ฿30-35 / $1 most of the last 19 years.

     

    Let me know went it dips below ฿30, for more than a week or month, as that will actually be something different, since I've been here for 25 years.

    Remember when the baht hit 39-40? The GoGos were humming with Americans.

    Not sure any of it is Trump's fault, with exception of him & Musk exposing the corruption of the Biden administration.   Surely that, covid silliness, RU sanctions forced on other countries to observe, blowing up the UR pipeline (IMHO), all have affected USA allies' economies, to the point, they are not opening their eyes.

     

    Don't buy RU's fossil fuel, buy the USA's ... :cheesy:

    All happened during Biden administration.

     

    "Why are we trusting anything from the USA ???"  Yep, that will definitely drive down the value of the USD.

     

    You idiots finally waking up, and stop being the USA's lapdog.  USA, like all countries, only care about themselves.  Why you ever listened to and followed the USA is mind boggling.

    • Thumbs Up 1
    18 minutes ago, Patong2021 said:

     

    It is not just the  GBP.  The USD is down against most world currencies. The USD started falling with the announcement of tariffs. The on again, off again, on again inconsistencies and the lack of actual signed trade deals have created a problem for the US economy.  Have a look at the WISE chart https://wise.com/gb/currency-converter/usd-to-all-rate/chart

    Nice chart. Thanks.

    Screenshot_20250605-123848~2.png

    We use dollars in Cambodia. The reil was 4100-1 last year, yesterday and today

    • Thanks 1

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