Pound hits seven-month high as Trump trade war weighs on dollar news.sky.com

Volatility returns to stock markets but the Brexit-hit pound is enjoying a resurgence as the US president's trade war is expanded.
The pound hit a seven-month high against the dollar on Wednesday morning as US currency continued to weaken on fears of an escalated trade war.

Donald Trump signaled on Monday an expansion of his protectionist agenda as he threatened tariffs and steel and aluminum from Brazil and Argentina – saying their weakened currencies had made US products uncompetitive.