Market News
Sterling hits new one-week high versus dollar - REUTERS
Jan 7 (Reuters) - The pound rose to a new one-week high versus the dollar on Tuesday after jumping the day before after a media report said U.S. President-elect Donald Trump's advisers were considering applying tariffs only to critical imports.
Trump, who refuted the report on Monday, had vowed to impose tariffs of 10% on global imports into the United States along with a 60% tariff on Chinese goods, increasing expectations for higher inflation and supporting the dollar.
