Market News
Pound steady but edgy as investors await Trump tariff plans - REUTERS
LONDON, April 2 (Reuters) - The pound was little changed on Wednesday, with global markets in limbo ahead of U.S. President Donald Trump's long-awaited tariff announcement later in the day, which has the potential to further cool the already tepid UK economy.
Sterling was flat at $1.2921, around the level at which it has traded since mid-March. The euro was around 0.1% higher against the pound at 83.56 pence.
Trump is poised to impose sweeping new reciprocal tariffs on global trading partners on Wednesday in the White House's Rose Garden at 2000 GMT (2100 BST).
