Today has seen the pound rise against the U.S. dollar, with the GBP/USD cross pushing towards $1.25 and leaving the currency pair at its highest level since 15th December.
Since yesterday evening the pound a risen over one per cent against the dollar, mainly down to investors moving away from the greenback as they wait to hear details about President Trump's policies.
With markets unsure about the impact Trump's administration will have on the U.S. economy, the dollar may struggle to hold onto the gains it has made over the past couple of months.
The dollar's value has surged since Trump won the election, as he promised to boost growth by cutting taxes and increasing fiscal spending. However, the President is now seems to be concentrating on renegotiating existing trade agreements and withdrawing from the Trans-Pacific Partnership (TPP) altogether.
Coupled with his on-going war with the media, investors and traders are now bracing themselves for a rocky few months, and could result in the dollar losing even more ground.
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