Market News
Sterling falls against rebounding dollar on Trump tariff outlook - REUTERS
By Samuel Indyk
LONDON, Jan 21(Reuters) - The pound fell against a rebounding dollar on Tuesday even as U.S. President Donald Trump stopped short of implementing tariffs as signs of a softening British labour market reinforced expectations for a February rate cut from the Bank of England.
Trump did not immediately impose tariffs on U.S. imports on his first day back in the White House but told reporters he was considering import tariffs of around 25% on Canada and Mexico by Feb. 1, challenging suggestions his trade policy may be more gradual.
