The British pound climbed above $1.36, reaching its strongest level since mid-September, as the US dollar softened amid heightened market caution over potential yen intervention in Japan. Investors also looked ahead to the Federal Reserve’s policy announcement on Wednesday, with rates widely expected to remain unchanged and speculation growing that a more dovish successor to Fed Chair Jerome Powell could be named this week. Meanwhile, geopolitical and trade tensions continued to weigh on markets. US President Donald Trump initially threatened several European countries with new tariffs over Greenland, before reversing course following a framework agreement toward a future deal. He also warned that the US could impose 100% tariffs on Canada if it reached a trade agreement with China.
