British government on Tuesday seek to agree decisive action from G7 partners to protect democracies against global threats like those posed by China and Russia. In the second day of Hosting in the foreign ministers’ meeting in London designed to lay the groundwork for a leaders’ summit in June, Raab will lead talks among the Group of Seven wealthy nations on threats to democracy, freedoms and human rights.

“The UK’s presidency of the G7 is an opportunity to bring together open, democratic societies and demonstrate unity at a time when it is much needed to tackle shared challenges and rising threats,” Raab said in a statement.

In addition to the G7 members Canada, France, Germany, Italy, Japan and the United States, Britain has also invited ministers from Australia, India, South Africa and South Korea this week. Their first face-to-face meeting in two years is seen by Britain as a opportunity to reinforce support for the rules-based international system at a time when it says China’s economic influence and Russian malign activity threaten to undermine it.

On Monday, having met with Raab, U.S. Secretary of State Antony Blinken said there was a need to try to forge a global alliance of freedom loving countries, though stressed he did not want to hold China down, but make sure it played by the rules.

Elsewhere, the average number of new daily cases in the UK has fallen substantially since the start of the year, but the rate of decline has slowed in recent weeks. A further 1,649 confirmed cases in the UK were announced by the government on Monday.

Prime Minister Boris Johnson has said that the UK continues to make progress against Covid but the majority of scientific experts believe there will be another wave at some stage this year.

On the other hand, the dollar nursed losses on Tuesday after an unexpected slowdown in U.S. manufacturing growth prompted investors to trim bets that a booming U.S. economy could boost the greenback. Data showed shortages of basic materials and transport snarls depressed the Institute for Supply Management manufacturing survey by 4.7 points to 64.7.

GBP/USD 4 Hour Chart:

Support: 1.3829 (S1), 1.3748 (S2), 1.3697 (S3).

Resistance: 1.3961 (R1), 1.4012 (R2), 1.4093 (R3).

All the catalysts creates assorted view for pound against greenback and we expect a mixed trend for GBP/USD.