During European trading, the British Pound increased against the US Dollar, trading above 1.2960 levels.
The GBP/USD currency gained ground in the European trading session, as tariff uncertainty pressured the dollar lower and as better than expected PMI data came out of the UK. In the UK the Composite PMI data came out higher than expected (52.0 expected vs 50.3 realised). In the US, Manufacturing PMI for March (52.7 last month) and Services PMI for March (51 last month) will be released (13:45 GMT).
