{"id":112717,"date":"2025-03-12T00:54:33","date_gmt":"2025-03-11T20:54:33","guid":{"rendered":"https:\/\/noortrends.ae\/en\/?p=112717"},"modified":"2025-03-12T00:55:18","modified_gmt":"2025-03-11T20:55:18","slug":"sterling-continues-to-surge-on-weaker-us-dollar","status":"publish","type":"post","link":"https:\/\/noortrends.ae\/en\/sterling-continues-to-surge-on-weaker-us-dollar\/03\/12\/market-updates\/","title":{"rendered":"Sterling Continues to Surge on Weaker US Dollar"},"content":{"rendered":"The British pound has continued its upward trajectory since the start of trading on Tuesday, bolstered by a weakening US dollar, which has been further impacted by US President Donald Trump&#8217;s trade policies and recent developments in that area. Sterling\/dollar rose to 1.2959, compared to the previous day&#8217;s close of 1.2876. The pair fell to a low of 1.2871 during the current trading day, versus a high of 1.2965.<br \/><br \/>The dollar index, which measures the performance of the US currency against a basket of six major currencies, fell to 103.35 points, compared to the previous day&#8217;s close of 103.84 points.<br \/><br \/>US President Donald Trump announced on Tuesday the consideration of imposing additional tariffs on US imports of steel and aluminum from Canada, at a rate of 50%, which are scheduled to take effect next Wednesday. These tariffs come as part of an escalation against the Ontario provincial government&#8217;s decision to impose a 25% tariff on its electricity imports from the United States.<br \/><br \/>The dollar index rose to its highest point in Tuesday&#8217;s trading at 103.92 points, compared to its lowest point of 103.33 points.","protected":false},"excerpt":{"rendered":"<p>The British pound has continued its upward trajectory since the start of trading on Tuesday, bolstered by a weakening US dollar, which has been further impacted by US President Donald Trump&#8217;s trade policies and recent developments in that area. Sterling\/dollar rose to 1.2959, compared to the previous day&#8217;s close of 1.2876. The pair fell to &hellip;<\/p>\n","protected":false},"author":13,"featured_media":94125,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[37,36],"tags":[],"class_list":["post-112717","post","type-post","status-publish","format-standard","has-post-thumbnail","","category-forex-markets","category-market-updates"],"_links":{"self":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/112717","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/users\/13"}],"replies":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/comments?post=112717"}],"version-history":[{"count":1,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/112717\/revisions"}],"predecessor-version":[{"id":112719,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/112717\/revisions\/112719"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media\/94125"}],"wp:attachment":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media?parent=112717"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/categories?post=112717"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/tags?post=112717"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}