Pound 'vulnerable' to further falls, warns hedge fund - live updates

Pound 'vulnerable' to further falls, warns hedge fund - live updates

EU ministers are trying to head off a trade war with the US as Brussels and Washington lock horns over $369bn (£304.8bn) of green subsidies being pushed by Joe Biden. Officials on the two continents have set up a taskforce to assess the impact of the US’s ambitious climate legislation - the Inflation Reduction Act - which has stipulations to "buy American", and European governments are growing frustrated. Germany's economy minister Robert Habeck called for Europe to step up competition …