Pound US Dollar exchange rate: GBP/USD rises as US-China tensions escalate

The pound has edged up against the US dollar this morning, taking the pairing to $1.218. On Tuesday morning, the European Union stated that there will be no further Brexit talks as long as the UK government insists on making changes to Theresa May’s withdrawal agreement. Negotiators stated that suggested changes, such as scrapping the Irish backstop, were unacceptable.