Donald Trump will want a good deal with UK, says minister
Published On Jan 19, 2025, 7:20 AM
The UK government, represented by Chief Secretary to the Treasury Darren Jones, is optimistic about deepening trade relations with the incoming Trump administration. They believe that a strong post-Brexit trade deal is achievable, especially in areas like technology and research. However, critics, including Nigel Farage, express concerns about the UK negotiating a good deal, warning that the government's approach may lead to missed opportunities, particularly due to a simultaneous effort to engage with the EU.
Stock Forecasts
VGT
Positive
The UK government's push for a US trade deal could lead to favorable outcomes for UK companies, especially in tech and research sectors, benefiting stocks related to these industries.
EWU
Negative
Without a solid agreement with the US and given the criticisms from key political figures, uncertainties remain for the UK economy, potentially affecting Brexit-sensitive stocks negatively.
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