During European trading, the British Pound increased against the US Dollar, trading above 1.3170 levels.
The GBP/USD currency gained ground in the European trading session, reaching a six months high, following new tariffs implemented by the US administration. In the US, Initial Jobless Claims data (225k exp) will be posted (13:30 GMT+1), S&P Global Service figures PMI for March (54.3 exp) will be posted (14:45 GMT+1) and ISM Non-Manufacturing PMI for March (53.9 last month) will be released (15:00 GMT+1).