Pound US dollar exchange rate: USD buoyed on US-China trade deal hopes

This morning the pound-dollar exchange rate is down around 0.3 percent and the pairing is currently trading at around $1.281. The US dollar rose on talk of a possible trade deal being reached between the US and China before the 1 March deadline, with reports that Chinese President Xi is due to meet US Treasury Secretary, Steven Mnuchin and US Trade Representative Robert Lighthizer tomorrow.

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