Trump says Brexit should happen

5 June, 2019

President Donald Trump promised the U.K. a “phenomenal trade deal” Tuesday, on the second day of his state visit to Britain.

His comments revealed little detail but added to previous assurances from the U.S. president as Britain slowly edges toward an exit from the EU.

“As the U.K. makes preparations to exit the European Union, the United States is committed to a phenomenal trade deal between the U.S. and the U.K.,” Trump said at a joint press conference with U.K. Prime Minister Theresa May.

“There is tremendous potential in that trade deal — I say probably two and even three times of what we are doing right now,” Trump told reporters after meeting May for talks which lasted an hour.

Trump added that he thought Brexit will happen and should happen, responding to questions on the current impasse in Westminster which has helped to topple May who is stepping down as Conservative Party leader on Friday.

The talks with May on Tuesday involved a variety of contentious topics, which included climate change, trade and tensions with Iran. The U.K. is not allowed to open official trade talks with other nations until it has fully left the bloc.


Source  
Will the BoJ and the ECB join the Fed?

Monday is a day off in the American markets due to the Martin Luther King's Day. Because of the holiday, trading on other markets also promises...

More data confirms positive market sentiment

Markets reacted sluggishly to the vote in the US House of Representatives, which initiated the third impeachment of the president in the history of the country...

Risky assets prevail in the markets

The end of the year on the financial markets turned out to be very positive. Asian stock markets ply near multi-month highs; the American markets are...


Most Momentous Rate Decision

The world's oldest central bank stands to be the most significant this month as it pioneers a shift away from negative interest rates. Sweden was among...

OPEC considering deeper cut to oil production

Global oil-producing group OPEC and its allies are meeting in Vienna, with expectations raised over whether the alliance will make further cuts to its output...

Peaked trade optimism?

Throughout the past week, the US dollar has received support after strengthening expectations that the Fed will take an extended break after three consecutive rate cuts...


Russel 2000 doesn't support S&P500 optimism

S&P500 closed Monday at historical highs, adding 0.55% on the day close. Both expected new Fed interest rates cut and possible...

Oil drops on weak corporate data out of China

Oil prices fell on Monday after strong gains last week, as data released in China reinforced signs that its economy is slowing, though progress...

Market Sentiment Hinging On Progress In Brexit

The British parliament will vote on the Brexit agreement today at 18:00 GMT. In theory, this should be a simple vote, with a definite...