The British pound strengthened against other major currencies in the European session on Thursday, as investors neglect new tariffs imposed by U.S. President Trump on auto imports.
U.S. President Donald Trump ratcheted up transatlantic trade tensions by announcing a new 25-percent tariff on all auto imports.
In a late-night post on his Truth Social platform, Trump threatened to impose even steeper tariffs on the European Union and Canada if they collaborate to harm the U.S. economy.
For comments and feedback contact: editorial@rttnews.com
Forex News
May 22, 2026 14:46 ET Minutes of the latest Fed policy session was the highlight of the week along with survey data on the U.S. housing market. In Europe, survey data signaled the trends in the euro area private sector. Further, consumer price inflation data from the U.K. was in focus. In Asia, various economic indicators from China drew attention to the health of the economy.