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The market is awaiting the announcement of a commercial deal in the UK at 10 am East time, but the details leave the market so far. UK FTSE 100 fell into a negative area after a top trading.
A a report From CNN indicated that this is a mysterious “deal” that leaves the customs tariff in the United States by 10 % on the wider goods and focuses on steel and cars.
FTSE has been sliding since the report was hit 30 minutes ago and is now in a negative area.
This is also from Robert Beston from ITV:
Today’s agreement between the United Kingdom and the United States is mainly revolves around the Trump tariff of 10 % at 10 billion pounds of car exports in the United Kingdom to the United States and 3 billion pounds from steel and aluminum exports. I assume that it will reach the Trump global tariff by 10 %. The UK/United States Trade Agreement is still more ambitious. As for these initial tariff discounts, Starmer does not reduce or reduce digital services tax, which collects 800 million pounds annually, such as Amazon, Meta and Google – but this tax is likely to be in the next round of negotiations
Later this year,
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