The British pound is rising for a second consecutive day

    British pound rises for second straight day The pound rose on Friday for a second day in a row, supported by weak US currency as trade war escalated and investors ignored concern about BRICCAST.


    US President Donald Trump announced on Friday a 10 percent tariff on imports of Chinese goods worth $ 300 billion as of September 1.


    President Trump has threatened to continue a policy of imposing tariffs on China until it is forced to reach a trade deal with the United States.


    On the other hand, markets remain concerned about the new British government led by Boris Johnson, who said his country would leave the EU on October 31, whether by agreement or not.


    Analysts considered the remarks to be a shrug from the Johnson government to seek an agreement on BRICEST.


    In terms of trade, the British pound rose against the dollar by 19:22 GMT by 0.7% to 1.2159, recording a high of 1.217 and a low of 1.209.

     

    The British pound rose on Friday for a second day in a row supported by weak US currency as trade war escalated and investors ignored concerns about BRICCAST.


    US President Donald Trump announced on Friday a 10 percent tariff on imports of Chinese goods worth $ 300 billion as of September 1.


    President Trump has threatened to continue a policy of imposing tariffs on China until it is forced to reach a trade deal with the United States.


    On the other hand, markets remain concerned about the new British government led by Boris Johnson, who said his country would leave the EU on October 31, whether by agreement or not.


    Analysts considered the remarks to be a shrug from the Johnson government to seek an agreement on BRICEST.


    In terms of trade, the British pound rose against the dollar by 19:22 GMT by 0.7% to 1.2159, recording a high of 1.217 and a low of 1.209.
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