The United States and China have started to outline commitments in principle on the stickiest issues in their trade dispute.
Category: Features
Sterling is down around 0.3% after three lawmakers resigned from Prime Minister Theresa May’s ruling Conservative party.
A new series of talks between the United States and China to resolve their trade war will take place in Washington on Tuesday. Follow-up sessions at a higher level will come later in the week, the White House said.
A good week for the British and the common currency has just started. Pound rises after three weeks of losses while Euro gains as U.S.-China trade-talk optimism boosts sentiment.
The pound edged higher on Friday as strong British retail sales data lifted sentiment. However, investors were considering the consequences of a Brexit vote defeat in parliament for Prime Minister Theresa May.