An expected trade agreement between America, Great Britain and the economy of sterling services

The New York Times and the Politico website reported on Wednesday, citing well-informed sources that US President Donald Trump should announce a trade agreement between the United States and Great Britain today.

Trump wrote on the social platform Truth earlier that he would hold a press conference at the Oval Office at (2:00 pm GMT) today, on Thursday, concerning “a huge trade agreement with representatives of a large country with his position”.

He did not disclose more details, but he said that the agreement would be “the first of many”.

A White House spokesperson relied on comments from the New York Times report.

A British official said on Tuesday that the two countries had made good progress to achieve a trade agreement that could include low steel and cars.

High officials of the Trump administration participated in a series of meetings with business partners since the president imposed customs duties of 10% on most countries on April 2, in addition to “” “” of many business partners, despite the suspension of these customs prices for a period of 90 days later.

Great Britain has not been subject to additional customs duties, as its imports from the United States are more than its exports.

Trump imposed 25% of costs on cars, steel and aluminum, 25% in Canada and Mexico, 145% on China.

Trump said on Tuesday that he would examine possible commercial agreements with senior administration officials over the next two weeks to make a decision on them.

Last week, Trump said there were “possible” agreements with India, South Korea and Japan.

The British pound jumps

The British book jumped today, Thursday, to climb with the Australian dollar after Trump Donald said that he would announce a “major trade agreement” later in the day, at a time when the New York Times suggested that this agreement is with Great Britain.

• The Sterling book increased by 0.4% to $ 1.3341 per 02:30 GMT, even with widespread expectations that England Bank will reduce interest rates by a quarter later in the day, before abandoning its winnings during today’s session.
• The Australian dollar has won up to 0.6% compared to the US dollar.
• The New Zealand dollar has also advanced about 0.5%, before losing their cubs.

Before the New York Times report, analysts referred to opportunities to conclude a trade agreement with the United States after Great Britain concluded a free trade agreement with India earlier in the week.

The agreements will not be free

“The market works with the idea that any trade agreement is good news, because it provides a certain degree of clarity and can provide a model to follow others,” said Rodrigo Catterrel, chief analyst of the foreign exchange market at the National Bank of Australia.

But it indicates at the same time as reaching a commercial agreement with Great Britain is one of the easiest negotiations, while talks with Europe and China are in particular more complicated.

“The problem lies in detail. These agreements will not be free,” added Katril.

Investors will closely monitor any indication of a breakthrough when the American secretary of the Treasury Scott, Besent, the chief negotiator Jimson Jarir, meeting on Saturday Lee Feng, Vice-President of the Council of State in Switzerland.

Trump said on Wednesday that Beijing was the one who initiated talks, adding that he was not ready to reduce customs duties on Chinese goods to pay for negotiations.

The yuan sets up and the dollar is down

The Chinese yuan did not witness a significant change to settle at 7,2325 for The dollar in foreign transactions one day after decreasing by 0.26%.

The dollar fell against most large currencies today, Thursday, Summarize some of his earnings which he accomplished yesterday after warning advice The federal reserve is one of the growing risks of the economy due to the rise Inflation and unemployment.

The reserve council open market committee has maintained the interest rates unchanged, as was widely planned, but its president, Jerome Powell, said that it was not clear if the economy will continue its fixed growth or will be affected by increasing economic fog and the potential increase in inflation.

• The dollar index, which measures the performance of the currency compared to 6 main currencies, decreased by 0.2% to 99.682 points before returning to the recovery and exceeding 100 points at the time of writing the report.
• As for the euro, it increased by 0.2% to $ 1,1327 to reflect its management after a decrease of 0.56% yesterday, Wednesday, but it returned to lose part of its earnings during today’s session.
• The dollar dropped 0.1% to 143.63 yen, before recovering again.
• 0.2% decreased to 0.8229 Swiss francs, before returning again.