The British sterling slipped today after weak inflation data backed up the Bank of England’s call for urgent stimulus to boost the UK economy.
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The USD climbed in Asia today following President Trump’s announced plans to impose tariffs on the imports of metals from Argentina and Brazil.
Following the release of strong economic data, the USD managed to stay little changed in early Asian trading today.
The pound has boosted above $1.30 today amid election speculation. The cable peaked to its highest since October 22nd, touching $1.2972 against the dollar.
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Washington’s decision to impose visa bans on Chinese officials combined with adding further Chinese companies to a US-trade blacklist, has weighed on the slim hopes that both economies would potentially reach a truce at upcoming negotiations.