India, March 3 -- The British pound strengthened against other major currencies in the European session on Monday, as investors react to the latest tariff news and Europe's peace efforts in Ukraine.
The British currency has also remained strong due to strong anticipation that the Bank of England (BoE) will maintain a mild policy-easing cycle and a likely positive trade agreement between the US and the UK.
U.S. Commerce Secretary Howard Lutnick on Sunday said that the tariffs on Mexico and Canada will go into effect as scheduled on Tuesday, but President Donald Trump will determine their exact levels before implementation.
Lutnick also indicated that an additional 10 percent tariff on Chinese imports remains on the table for Tuesday. Chin...