Pound sterling outperforms on new Trump tariff threats, confirming that markets see the UK as relatively insulated to their rollout.
The British Pound faces significant downside risks in the event of a shift to risk-off sentiment in global markets, according to a research note from BNP Paribas.
The British Pound rose against the Euro and Dollar after UK retail sales easily beat expectations and the government recorded a rare financial surplus in January.
A strong set of employment figures took pressure off the Bank of England to cut interest rates next month, boosting the British Pound in the process.