Pound hits five-week high as Trump fears weaken dollar – as it happened

All the day’s economic and financial news, as Donald Trump’s protectionist approach alarms the markets.FTSE 100 heads for third day of fallsPound hits $1.245 in early trading
Gold rises to two-month high5.43pm GMTInvestors were cautious as Donald Trump made a number of moves in his first day in office as US president, including plans to renegotiate the free trade agreement with Canada and Mexico and withdraw from the Trans-Pacific Partnership. He also threatened massive border taxes