During European trading, the British Pound increased against the US Dollar, trading above 1.2930 levels.
The GBP/USD currency gained ground in the European trading session, as the dollar was retreating in value following this morning’s spike over tariff fears. In the UK CBI Distributive Trades Survey for March (-28 exp) will be released (11:00 GMT). In the US, CBI Consumer Confidence for March (94.2 exp) and New Homes Sales for February (682k exp) will be released (14:00 GMT).