ITV News Deputy Political Editor Chris Ship, who is in the audience at David Cameron's PM Direct event, wrote on Twitter:
Hint of change on wealthy pensioner benefits? PM: Kept promise this Parliament-we make new pledges for next Parly but it saves "tiny amount"
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Addressing veterans at an American Legion conference in Reno, Nevada, the president spoke in measured tones and stuck to prepared remarks.
Uncertainty over Brexit in the UK and strong economic data from Europe both contributed to the slump in the British currency.