Market News
Dollar steady on US tariff uncertainty, pound in focus - REUTERS
By Tom Westbrook and Stefano Rebaudo
Summary
- Dollar back above 150 yen
- Sterling steady ahead of CPI, budget update
- Focus on next week's US tariff barrage
March 26 (Reuters) - The dollar was little changed on Wednesday, with weak U.S. confidence data and concerns about the effect of sweeping tariffs on U.S. growth putting the brakes on a recent bounce.
British markets were in focus as finance minister Rachel Reeves was set to announce cuts to her spending plans later in the day, in an attempt to show investors that she can be trusted to fix the public finances as growth falters.