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    US embassy in London issues statement after Trump's comment

    The US embassy in London put out a statement which many have taken as a denial of Trump's comment that Obama sold the current well-placed US embassy for peanuts and relocated it to a less favourable place.

    Trump said he called off his visit to London for the opening of the building as he was not happy with the embassy move .

    "I am not a big fan of the Obama administration having sold perhaps the best located and finest embassy in London for 'peanuts', " Trump tweeted.

    The statement issued by the US embassy in London said that the plan for a new embassy developed in 2007, before Obama became President. The statement further said that the current embassy had aged beyond it's ability to be improved without extensive investment, hence the need for a new embassy.

    Read the statement and Twitter reactions below.

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