It’s a tricky one!
While sterling isn’t exactly the classic safe-haven like the yen or Swiss franc, it’s showing some resilience in this trade war chaos. 🛡️
The UK’s relatively neutral trade relationship with the US seems to be giving it a bit of a buffer, and GBP’s been holding its own against the dollar and even outperforming the euro in some cases.
That said, sterling’s still a bit of a mixed bag—it’s vulnerable to global risk sentiment due to its reliance on foreign capital, so it’s not quite the go-to haven just yet.
But if trade tensions keep escalating, the pound could keep surprising us.
Steve, what’s your take on GBP’s safe-haven potential? 🤔
