Pound Sterling Price News and Forecast: GBP/USD edges lower after China may suspend 125% tariff on US imports

  • GBP/USD is retracing its recent gains, hovering around 1.3290 during Friday's Asian session. The pullback comes as the US Dollar (USD) strengthens, bolstered by a Bloomberg report suggesting China may suspend its 125% tariff on select US imports, including medical equipment, ethane, and aircraft leasing.