During European trading, the British Pound decreased against the US Dollar, trading below 1.2920 levels.
The GBP/USD currency lost ground in the European trading session, as the pound sterling was retreating following tariff announcements on imported cars into the US. In the UK Bank of England Member Dhingra has spoken. In the US, Initial Jobless Claims data (225 exp) and US Q4 GDP data (2.3% exp) will be released (12:30 GMT).