UK’s Truss will declare China an official threat for the first time – The Times

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Liz Truss, the UK Foreign Minister and the leading contender in the Conservative Party’s leadership race, is likely to officially declare China as an ‘acute threat’, The Times reports, citing allies of Truss.

Amidst risk-aversion, GBP/USD is extending losses below 1.1700, the lowest level since March 2020. The pound could be hurt further by the above comments.

The spot is losing 0.48% on the day to trade at 1.1688, as of writing.

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