During European trading, the British Pound decreased against the US Dollar, trading below 1.2600 levels.
The GBP/USD currency fell in the European trading session, to hit a one week low as President Trump suggested after a meeting with PM Starmer that tariffs may be imposed on the UK. In the UK, Nationwide HPI data for February came out today with better than expected results at 3.9% (vs. 3.4% exp). In the US, YoY Core PCE Price Index data for January (2.6% exp) will be released (13:30 GMT).