Sterling climbs above $1.30 for first time since November

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The pound rose from $ 1.30 for the first time since early November, as it collects continuous inflation in the UK with widespread weakening in the dollar to raise the pound.

The British pound rose above the level in early trading on Tuesday, and for the first time in the days after the American elections. It has increased by 3 percent so far this month, and helped the dollar decline, as investors worried that the trade war, Donald Trump, stopped the US economy.

The gains have set a reflection since January, when concerns about the expectations of public financial affairs in the United Kingdom have launched the UK bonds. Since then, the higher inflation than expected bets that the Bank of England will have been slower in reducing interest rates than previously thought.

“The pound is along the journey, as there are still financial concerns in the United Kingdom,” said Brad Bishtil, Global President of Jeffrez.

After reaching the highest level in the US elections for two years, where investors are betting that Trump’s tariff and other economic policies will enhance inflation, the dollar has declined since January, as investors focus more on economic damage caused by wrong policies in the White House.

“He is sending another reminder that the market participants are no longer confident that President Trump’s policies will enhance growth in the United States and enhance the US dollar,” said Lee Hardman, MUFG, chief currency analyst at MUFG.

Craig Ings, head of price and criticism at Royal London Asset Management, said the power of the pound sterling was a mixture of “fear of slowing down in the United States, which leads to more discounts in the Federal Reserve” in exchange for an expected increase in inflation data in the UK, making it difficult for the Bank of England to reduce borrowing costs. In January, inflation rose more than expected to 3 percent.

The Bank of England is widely expected to keep fixed interest rates at 4.5 percent at its meeting on Thursday. The levels in the exchange markets indicate that traders believe that the Bank of England and the Federal Reserve will make two additional discounts for this year this year, with the possibility of the Federal Reserve obtaining a third.

Steling comes the ups of Steling, although the Organization for Economic Cooperation and Development this week reduced its growth expectations for the United Kingdom, as countries around the world have been exposed to the US tariff. Paris -based body is now expecting GDP growth in the UK for 2025 to be 1.4 percent, by reducing 0.3 percentage of its previous account.

But the pound has survived trade fears this year, as investors are betting that the UK is less exposed to definitions than some other economies.

Last week, the UK government again confirmed its commitment to American trade, as UK Prime Minister Sir Kerr Starmer said that he was “disappointed” from the latest tariff for the United States on steel and aluminum, but the country will retain “all options on the table” in terms of responding to the American administration.