India, Feb. 27 -- The British pound strengthened against other major currencies in the European session on Thursday, as the U.S. President Donald Trump and British Prime Minister Keir Starmer are expected to meet and then have a joint press conference.

Following a peace deal with Russia, Trump and Starmer are anticipated to talk about the US' role in offering security guarantees for Ukraine. It is anticipated that Starmer will negotiate both countries' trade policy.

Traders also expect that Trump-Starmer trade policy discussions to be productive because Trump has never brought up the subject of unfair trade practices by the UK in his tariff threats. Meanwhile, Trump threatened to slap 25 percent tariff on imports from the European Union a...