The Pound's Resilience: Will It Reach 1.40 Amid Limited Trade Tariff Impact?

The British pound is experiencing a remarkable rally, with analysts from Vanguard projecting a potential rise to 1.40 against the US dollar. This optimistic outlook emerges despite growing uncertainties in global trade relationships and the ongoing effects of trade tariffs that many believed would severely impact the UK economy. Vanguard's analysis highlights that the expected damage to the UK's economic performance from these tariffs may be less significant than initially anticipated, leading to a more favorable currency outlook.

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