China’s Commerce Ministry out with a few timely comments 2 March
- hopes US respects multilateral trade system
More also now from the EU’s spokesman Winterstein:
- stands ready to respond swiftly, firmly to US moves
- EU has counter measures ready against US tariffs
- EU to work with partners in WTO against US tariffs
- EU Commission to meet next week on the matter
- need to see what follows on US tariffs
This isn’t looking any prettier.
GBPUSD retreating again to 1.3785 on EURGBP demand (0.8933) and GBPJPY supply (145.20) and also large option interest at 1.3800.