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• GBP/NZD eased slightly on Wednesday after President Trump imposed a 25% tariff on all steel and aluminium imports, including from the U.K.
• Britain's government said on Wednesday it was disappointed with President Donald Trump's decision to impose tariffs on steel and aluminium imports but did not follow the European Union in retaliating.
•President Donald Trump’s trade policies have been a persistent source of market uncertainty, impacting currencies, equities, and commodities worldwide
• Investors await the UK’s January GDP report on Friday, which will offer key insights into the country’s economic performance.
• Immediate resistance is located at 2.2736(23.6%fib), any close above will push the pair towards 2.2865(Higher BB).
• Immediate support is seen at 2.2491 (38.2%fib) and break below could take the pair towards 2.2316(50%fib).
Recommendation: Good to buy around 2.2600, with stop loss of 2.2500, and target price of 2.2700
