During European trading, the British Pound increased against the US Dollar, trading above 1.2930 levels.
The GBP/USD currency traded in a band in the European trading session, as it remains unknown whether or not Britain will retaliate against US tariffs. In the UK GDP for January was posted with data lower than expected (1.0% realised vs 1.2% expected) and Manufacturing Production also with data lower than expected (-1.1% realised vs 0.0% expected). In the US, Michigan Consumer Sentiment (63.1 exp) will be released (14:00 GMT).
