UK’s Reynolds: Negotiating a wider economic agreement to eliminate additional tariffs.

Dhwani Mehta FXStreet

UK Trade Minister Jonathan Reynolds said on Wednesday that they are “negotiating a wider economic agreement to eliminate additional tariffs.”

Further comments

It's disappointing that the US has imposed global tariffs on steel and aluminum.

Focused on a more pragmatic approach and rapidly negotiating on the matter.

Will keep all options on the table and won't hesitate to respond in the national interest.

Market reaction

At the time of writing, GBP/USD holds lower ground near 1.2925, down 0.19% so far.

British Pound PRICE Today

The table below shows the percentage change of British Pound (GBP) against listed major currencies today. British Pound was the weakest against the US Dollar.

	USD	EUR	GBP	JPY	CAD	AUD	NZD	CHF
USD		0.13%	0.16%	0.15%	0.08%	0.10%	0.16%	0.05%
EUR	-0.13%		0.03%	0.00%	-0.05%	-0.03%	0.04%	-0.07%
GBP	-0.16%	-0.03%		-0.02%	-0.08%	-0.06%	0.00%	-0.11%
JPY	-0.15%	0.00%	0.02%		-0.08%	-0.05%	-0.00%	-0.09%
CAD	-0.08%	0.05%	0.08%	0.08%		0.03%	0.08%	-0.02%
AUD	-0.10%	0.03%	0.06%	0.05%	-0.03%		0.06%	-0.04%
NZD	-0.16%	-0.04%	-0.00%	0.00%	-0.08%	-0.06%		-0.11%
CHF	-0.05%	0.07%	0.11%	0.09%	0.02%	0.04%	0.11%

The heat map shows percentage changes of major currencies against each other. The base currency is picked from the left column, while the quote currency is picked from the top row. For example, if you pick the British Pound from the left column and move along the horizontal line to the US Dollar, the percentage change displayed in the box will represent GBP (base)/USD (quote).

Author

Dhwani Mehta

FXStreet

Residing in Mumbai (India), Dhwani is a Senior Analyst and Manager of the Asian session at FXStreet. She has over 10 years of experience in analyzing and covering the global financial markets, with specialization in Forex and commodities markets.

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