UK PM Starmer opposes tariffs on allies, warns against trade war risks

January 19, 2026

in Forex

Reading Time: 2 mins read

UK Prime Minister Keir Starmer mentioned tariffs shouldn’t be used in opposition to allies and warned {that a} commerce conflict could be in nobody’s curiosity, as he emphasised partnership, dialogue and respect for worldwide legislation in feedback addressing rising geopolitical and financial tensions, based on Reuters.

Starmer mentioned his precedence is guaranteeing the UK avoids being drawn right into a tariff conflict, arguing that tariffs should not the correct path ahead and that financial stress shouldn’t be framed as a instrument for resolving safety issues.

Key takeaways

Tariffs shouldn’t be used in opposition to allies.

We imagine in partnership.

We are going to preserve dialogue open.

Will defend worldwide legislation.

My focus is ensuring we do not get into tariff conflict.

Tariffs not the correct approach forward.

Not useful to border efforts to strengthen greenland safety as a justification for financial stress.

Commerce conflict in nobody’s curiosity.

Our dedication to worldwide legislation is sensible.

It is a second for nation to drag collectively.

We are going to work with allies in Europe, NATO and US.

Market response

The GBP/USD pair stays on an upward development, gaining 0.20% on the day to round 1.3400 on the time of writing.

Pound Sterling Value Right this moment

The desk beneath exhibits the share change of British Pound (GBP) in opposition to listed main currencies at the moment. British Pound was the strongest in opposition to the US Greenback.

USDEURGBPJPYCADAUDNZDCHFUSD-0.23%-0.18%-0.09%-0.22%-0.18%-0.40%-0.55percentEUR0.23percent0.06percent0.15percent0.02percent0.05%-0.17%-0.31percentGBP0.18%-0.06percent0.11%-0.04%-0.00%-0.23%-0.37percentJPY0.09%-0.15%-0.11%-0.15%-0.11%-0.32%-0.48percentCAD0.22%-0.02percent0.04percent0.15percent0.04%-0.18%-0.34percentAUD0.18%-0.05percent0.00percent0.11%-0.04%-0.23%-0.35percentNZD0.40percent0.17percent0.23percent0.32percent0.18percent0.23%-0.15percentCHF0.55percent0.31percent0.37percent0.48percent0.34percent0.35percent0.15%

The warmth map exhibits proportion adjustments of main currencies in opposition to one another. The bottom forex is picked from the left column, whereas the quote forex is picked from the highest row. For instance, for those who choose the British Pound from the left column and transfer alongside the horizontal line to the US Greenback, the share change displayed within the field will signify GBP (base)/USD (quote).

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