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Pound Soars 10% as Dollar Struggles Amid Trade Woes

7/1/2025

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Summary

Story summary

The British pound is soaring, marking its strongest start to the year against the dollar since 2009, climbing from $1.25 to $1.37—a nearly 10% increase. This remarkable rise comes as the dollar falters, weighed down by worries over Donald Trump's trade policies, leading to its worst first half since 1973.

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Story summary

The British pound is soaring, marking its strongest start to the year against the dollar since 2009, climbing from $1.25 to $1.37—a nearly 10% increase. This remarkable rise comes as the dollar falters, weighed down by worries over Donald Trump's trade policies, leading to its worst first half since 1973.