Market News
Sterling inches higher with tariffs, spring statement in focus - REUTERS
LONDON, March 25 (Reuters) - The pound rose slightly on Tuesday after falling to a two-week low the previous day, as investors continued to try to gauge the impact of tariffs on the global economy and looked ahead to Wednesday's UK spring statement.
Sterling was last up 0.2% at $1.295. The euro slipped 0.1% against the pound to 83.53 pence.
Finance minister Rachel Reeves is expected to lay out spending cuts and lower growth forecasts when she presents the spring statement, which comes during a period of lower-than-expected growth and rising government borrowing costs.
