There was plenty of pomp at Buckingham Palace when Donald Trump met Queen Elizabeth II on Monday, but Her Majesty’s currency has a message for the U.S. president: his advice on dealing with Europe is profoundly unwelcome to holders of sterling. Holders of the pound had already been growing concerned that political chaos in Westminster meant the U.K. might be heading for a confrontation with Europe, which Mr. Trump advocated over the weekend. Contrary to Mr. Trump’s expectations, the pound is priced for serious worry around...

Source: Wall Street Journal June 04, 2019 09:55 UTC