GBP/USD Forecast: Sterling Retreats as Trump U-Turn Triggers Strong Rebound

  • The Pound to Dollar exchange rate slumped to lows below 1.3250 before a recovery to around 1.3300 on Wednesday as global risk appetite has recovered strongly following notable U-turns by President Trump on Fed Independence and the US-China trade war. US equities posted strong gains late on Tuesday with the S&P 500 index posting a strong.