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Sterling drops versus dollar, focus on BoE, trade talks - REUTERS

MAY 07, 2025

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May 7 (Reuters) - The pound lost ground versus a strengthening dollar on Wednesday but remained near its highest levels in over three years, ahead of a Bank of England policy meeting due on Thursday.
Investors also focused on tariffs talks as U.S. Treasury Secretary Scott Bessent and chief trade negotiator Jamieson Greer are due to meet China's economic tsar He Lifeng this weekend.


Britain and India clinched a free trade pact on Tuesday after tariff turmoil sparked by U.S. President Donald Trump forced the two sides to hasten efforts to increase their trade.

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