Jan 22 Reuters The pound rose for a third day to hit a twoweek high against the dollar on Wednesday, as a lack of clarity on U.S. President Donald Trump39;s tariff plans kept a lid on the greenback.

Sterling was last up 0.1 at 1.2376, its highest since Jan. 8 .

The pound initially fell more than 0.3 in early trading, as data showing that Britain borrowed more than expected in December weighed.

But uncertainty around the Trump administration39;s tariff policies has put pressure on the dollar since Monday, and the U.S. currency continued to edge broadly lower on Wednesday.

The pound has gained 1.6 so far this week.

Trump did not immediately impose tariffs on U.S. imports on his first day back in the White House, but has said he is considering tariffs of around 25 on Canada and Mexico and around 10 on China from Feb. 1.

He has also vowed duties on European Union imports, without providing further details.

Asked by reporters at the White House on Monday whether he would impose a universal tariff on all imports into the United States, Trump said We may. But we39;re not ready for that yet.

The euro rose 0.14 against the pound to 84.50 pence, having hit its highest since August on Monday at 84.73 pence.

Investor concern around Britain39;s financial outlook has fuelled the pound39;s around 2 fall against the single currency since the start of the year.

Prospects of a weaker UK economy and more Bank of England easing still paint a negative picture for sterling this…