• UK’s Reynolds: Negotiating a wider economic agreement to eliminate additional tariffs.

Market news

12 March 2025

UK’s Reynolds: Negotiating a wider economic agreement to eliminate additional tariffs.

UK Trade Minister Jonathan Reynolds said on Wednesday that they are “negotiating a wider economic agreement to eliminate additional tariffs.”

Further comments

It's disappointing that the US has imposed global tariffs on steel and aluminum.

Focused on a more pragmatic approach and rapidly negotiating on the matter.

Will keep all options on the table and won't hesitate to respond in the national interest.

Market reaction

At the time of writing, GBP/USD holds lower ground near 1.2925, down 0.19% so far.

British Pound PRICE Today

The table below shows the percentage change of British Pound (GBP) against listed major currencies today. British Pound was the weakest against the US Dollar.

  USD EUR GBP JPY CAD AUD NZD CHF
USD   0.13% 0.16% 0.15% 0.08% 0.10% 0.16% 0.05%
EUR -0.13%   0.03% 0.00% -0.05% -0.03% 0.04% -0.07%
GBP -0.16% -0.03%   -0.02% -0.08% -0.06% 0.00% -0.11%
JPY -0.15% 0.00% 0.02%   -0.08% -0.05% -0.00% -0.09%
CAD -0.08% 0.05% 0.08% 0.08%   0.03% 0.08% -0.02%
AUD -0.10% 0.03% 0.06% 0.05% -0.03%   0.06% -0.04%
NZD -0.16% -0.04% -0.00% 0.00% -0.08% -0.06%   -0.11%
CHF -0.05% 0.07% 0.11% 0.09% 0.02% 0.04% 0.11%  

The heat map shows percentage changes of major currencies against each other. The base currency is picked from the left column, while the quote currency is picked from the top row. For example, if you pick the British Pound from the left column and move along the horizontal line to the US Dollar, the percentage change displayed in the box will represent GBP (base)/USD (quote).

 

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