During European trading, the British Pound increased against the US Dollar, trading above 1.2500 levels.
The GBP/USD currency pair rose in the European session, following the delay of Washington’s reciprocal tariffs. In the UK, there are no major data releases today. In the US, Retail Sales figures for January (-0.2% expected) and Industrial Production data for January (0.3% exp) will be posted (13:30 GMT).