# Pound Sterling weakens against US Dollar ahead of Trump's reciprocal tariffs

> Sterling fell to near 1.2900 against the dollar on Monday ahead of Trump's reciprocal tariff announcement scheduled for Wednesday. Goldman Sachs raised its US recession probability to 35% from 20%.

- Date: 2025-03-31 · published 2025-03-31T12:00:00.000Z
- Category: macro · region Global · magnitude medium
- Page: https://feedsoft.ai/events/25837-pound-sterling-weakens-against-us-dollar-ahead-of-trump-s-reciprocal-tariffs
- Commodities: [British Pound (USD per GBP)](https://feedsoft.ai/c/GBPUSD.md), [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md)

## Why it matters

Safe-haven dollar demand and higher US recession risk point to weaker global growth and trade, a bearish backdrop for export-linked commodity demand.

## Read by commodity

- DXY: bullish ▲
- GBPUSD: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DXY | 2026-03-27 | [Ringgit weakens past 4.00 against US dollar \| The Star](https://feedsoft.ai/events/20417-ringgit-weakens-past-4-00-against-us-dollar-the-star.md) | +0.1% | -1.4% |
| DXY | 2025-07-31 | [Pound Sterling slumps against US Dollar as traders pare Fed dovish bets](https://feedsoft.ai/events/24023-pound-sterling-slumps-against-us-dollar-as-traders-pare-fed-dovish-bets.md) | -0.7% | -0.6% |
| DXY | 2025-07-29 | [Pound at 10-week low against dollar after US-EU trade deal](https://feedsoft.ai/events/24022-pound-at-10-week-low-against-dollar-after-us-eu-trade-deal.md) | +0.3% | -0.2% |
| DXY | 2024-11-14 | [Dollar retains strength against peers on Trump trade \| Reuters](https://feedsoft.ai/events/11853-dollar-retains-strength-against-peers-on-trump-trade-reuters.md) | -0.1% | -0.0% |
| DXY | 2024-10-29 | [Dollar peaks against yen ahead of US election and economic data \| Reuters](https://feedsoft.ai/events/28079-dollar-peaks-against-yen-ahead-of-us-election-and-economic-data-reuters.md) | -0.2% | +2.1% |

## Sources

- fxstreet.com: https://www.fxstreet.com/news/pound-sterling-consolidates-against-us-dollar-as-trumps-reciprocal-tariffs-take-centre-stage-202503310949

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.