GBP/USD caught a much-needed bullish bounce on Monday, driven higher by a broad-market decline in the US Dollar (USD) rather than any particular strength behind the Pound Sterling (GBP). US President Donald Trump has informed the world that he wants to own Greenland, a proposal that has met stiff opposition from the European Union, including the Kingdom of Denmark, of which Greenland is an autonomous territory, and Greenland itself.
Donald Trump has escalated rhetoric about the US “owning” Greenland, hinting at a more aggressive stance that he partially attributes to being snubbed for the Nobel Peace Prize, despite being reminded by Norway’s prime minister that the prize is awarded by an independent committee. He has also threatened to impose a 10% tariff on US exports to European countries starting February 1, rising to 25% by summer, unless the European Union cedes an entire…
