{"id":4456,"date":"2018-04-03T00:00:00","date_gmt":"2018-04-03T04:00:00","guid":{"rendered":"https:\/\/currencylive.com\/100416-gbp-usd-trade-war-fears\/"},"modified":"2018-04-03T00:00:00","modified_gmt":"2018-04-03T04:00:00","slug":"100416-gbp-usd-trade-war-fears","status":"publish","type":"post","link":"https:\/\/currencylive.com\/news\/100416-gbp-usd-trade-war-fears\/","title":{"rendered":"GBP\/USD: Pound Rises vs US Dollar Amidst Trade War Fears"},"content":{"rendered":"<p>After three weeks of gains the pound finally fell versus the dollar last week. The pound US dollar exchange rate dropped 0.8% as a lack of UK economic news or data left the pound languishing versus a stronger dollar. This week the dollar has started weaker as fears of a trade war pushed the exchange rate to $1.4050.<\/p>\n<table class=\"table table-bordered\">\n<thead>\n<tr>\n<th>What do these figures mean? <\/th>\n<\/tr>\n<\/thead>\n<tbody>\n<tr>\n<td>\n<p> When measuring the value of a pair of currencies, one set equals 1 unit and the other shows the current equivalent. As the market moves, the amount will vary from minute to minute. <\/p>\n<p> For example, it could be written: <em>1 GBP = 1.28934 USD<\/em> <\/p>\n<p> <em>Here, \u00a31 is equivalent to approximately $1.29. This specifically measures the pound\u2019s worth against the dollar. If the US dollar amount increases in this pairing, it\u2019s positive for the pound.<\/em> <\/p>\n<p> Or, if you were looking at it the other way around: <em>1 USD = 0.77786 GBP<\/em> <\/p>\n<p> <em>In this example, $1 is equivalent to approximately \u00a30.78. This measures the US dollar\u2019s worth versus the British pound. If the sterling number gets larger, it\u2019s good news for the dollar.<\/em> <\/p>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table class=\"table table-bordered\">\n<p>The pound was broadly out of favour last week, following a quiet week on the UK economic calendar and after a shortage of Brexit headlines. The only high impact release last week was the UK fourth quarter GDP which showed that the UK economy grew at a lacklustre 1.4%. This makes the UK one of the slowest growing major economies.<\/p>\n<table class=\"table table-bordered\">\n<thead>\n<tr>\n<th>Why does poor economic data drag on a country\u2019s currency? <\/th>\n<\/tr>\n<\/thead>\n<tbody>\n<tr>\n<td>Slowing economic indicators point to a slowing economy. Weak economies have weaker currencies because institutions look to reduce investments in countries where growth prospects are low and then transfer money to countries with higher growth prospects. These institutions sell out of their investment and the local currency, thus increasing supply of the currency and pushing down the money\u2019s worth. So, when a country or region has poor economic news, the value of the currency tends to fall. <\/td>\n<\/tr>\n<\/tbody>\n<\/table class=\"table table-bordered\">\n<p>This week is once again short on high impacting UK economic data releases. Although there may be just enough data to keep pound trader\u2019s attention. First up this week, is UK manufacturing purchasing managers index. Manufacturing has been experiencing a bit of a boom thanks to the Brexit weakened pound. The fall in the pound following the Brexit referendum has made UK products cheaper for overseas buyers, boosting demand. Analysts are expecting the manufacturing PMI for March to have eased back slightly to 54.7 from 55.2 the previous month. Any signs that manufacturing activity is slowing by more than this could pull the pound lower.<\/p>\n<h2><a href=\"#reignited-trade-war-fears-sends-dollar-lower\" name=\"reignited-trade-war-fears-sends-dollar-lower\"><\/a>Reignited Trade War Fears Sends Dollar Lower<\/h2>\n<p>The dollar was under pressure as trading kicked off for the new week. Fears of a full-on trade war between the US and China pushed investors out of the dollar. Last week fears had eased over a trade war becoming reality, after the White House had suggested that there could be room for exceptions to Trump\u2019s recently announced tariffs on $60 billion worth of imported Chinese goods, if China opened its market to the US. Behind the scenes talks had boosted hopes that an agreement was drawing near.<\/p>\n<p>However, yesterday\u2019s response by China that it will place retaliation tariffs on US imports has reignited fears. A 25% tariff on US frozen pork will ensure those farming states that voted for Trump in the 2016 election will be hardest hit.<\/p>\n<p>Any degree of trade war will be bad news for the US economy which is why the dollar is sinking lower.<\/p>\n<table class=\"table table-bordered\">\n<tbody>\n<tr>\n<td>\n<p><small><em><br \/>\nThis publication is provided for general information purposes only and is not intended to cover every aspect of the topics with which it deals. It is not intended to amount to advice on which you should rely. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content in this publication. The information in this publication does not constitute legal, tax or other professional advice from TransferWise Inc., Currency Live or its affiliates. Prior results do not guarantee a similar outcome. We make no representations, warranties or guarantees, whether express or implied, that the content in the publication is accurate, complete or up to date. Consult our <a href=\"https:\/\/currencylive.com\/risk-warning\/\">risk warning<\/a> page for more details.<\/em><\/small><\/p>\n<p><small><em>This article was initially published on TransferWise.com from the same author. The content at Currency Live is the sole opinion of the authors and in no way reflects the views of TransferWise Inc.<\/em><\/small><\/p>\n","protected":false},"excerpt":{"rendered":"<p>After three weeks of gains the pound finally fell versus the dollar last week. The pound US dollar exchange rate dropped 0.8% as a lack of UK economic news or data left the pound languishing versus a stronger dollar. This week the dollar has started weaker as fears of a trade war pushed the exchange [&hellip;]<\/p>\n","protected":false},"author":163946597,"featured_media":4457,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[1379,1381],"tags":[1394,1398],"class_list":{"0":"post-4456","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-gbp","8":"category-usd","9":"tag-gbp","10":"tag-usd"},"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.6 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>GBP\/USD: Pound Rises vs US Dollar Amidst Trade War Fears - Currency Live<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/currencylive.com\/news\/100416-gbp-usd-trade-war-fears\/\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Fiona Cincotta\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"4 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/100416-gbp-usd-trade-war-fears\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/100416-gbp-usd-trade-war-fears\\\/\"},\"author\":{\"name\":\"Fiona Cincotta\",\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/#\\\/schema\\\/person\\\/8ef0fafb6c93f1204150bb907b42cfec\"},\"headline\":\"GBP\\\/USD: Pound Rises vs US Dollar Amidst Trade War Fears\",\"datePublished\":\"2018-04-03T04:00:00+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/100416-gbp-usd-trade-war-fears\\\/\"},\"wordCount\":750,\"image\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/100416-gbp-usd-trade-war-fears\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/currencylive.com\\\/news\\\/wp-content\\\/uploads\\\/2019\\\/08\\\/100416-gbp-usd-trade-war-fears.jpg\",\"keywords\":[\"gbp\",\"usd\"],\"articleSection\":[\"GBP\",\"USD\"],\"inLanguage\":\"en-US\",\"copyrightYear\":\"2018\",\"copyrightHolder\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/#organization\"}},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/100416-gbp-usd-trade-war-fears\\\/\",\"url\":\"https:\\\/\\\/currencylive.com\\\/news\\\/100416-gbp-usd-trade-war-fears\\\/\",\"name\":\"GBP\\\/USD: Pound Rises vs US Dollar Amidst Trade War Fears - 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