UK and US have reached a "heads of terms" trade agreement – Sky News
Source Fxstreet
Citing confirmation from a British government source, Sky News reported on Thursday that the UK and the US have reached a "heads of terms" agreement and a "substantive" step towards a full trade deal.
"I think it is politically helpful for Keir Starmer to have got the heads of terms, the kind of main points of a US-UK trade deal, nailed down before we see what we have negotiated with the EU - or, more importantly, Donald Trump sees what we have negotiated with the EU,” Sky News Deputy Political Editor, Sam Coates, said.
Market reaction
The Pound Sterling shrugs off the encouraging trade headlines ahead of the Bank of England (BoE) policy decision. At the press time, GBP/USD is losing 14% on the day to trade near 1.3275.
Disclaimer: For information purposes only. Past performance is not indicative of future results.
Recommended Articles
Solana started a fresh decline from the $155 zone. SOL price is now consolidating near $145 and might extend losses below the $142 support.
Ethereum (ETH) has declined for five consecutive months. However, it enters May with rising optimism.
Ethereum price started a fresh increase above the $1,800 zone. ETH is now rising and attempting a move above the $1,850 resistance. Ethereum started a fresh recovery wave above the $1,820 resistance.
Sui (SUI) price extends recent gains, soaring10% higher at the time of writing on Thursday and approaching its key resistance level at $3.65.
Ethereum price started a fresh surge above the $2,000 zone. ETH is now up over 25% and consolidating gains near the $2,200 zone. Ethereum started a fresh surge above the $2,000 resistance.
Related Instrument
