Trump signals soft Brexit will 'kill' UK's chances of US trade deal

Sterling down 0.3% against the US dollar

Tom Eckett
clock • 2 min read

Sterling was down in early morning trading after US President Donald Trump's commented on his visit to the UK that a "soft" Brexit, as signalled in the white paper released on Thursday, would "kill" any chances of a trade deal being made with the US.

Along with suggesting her Brexit strategy, which was put together last week, was the wrong way to go, he accused Prime Minister Theresa May of ignoring his advice on how to handle the negotiations during his ongoing visit to the UK. "I would have done it much differently. I actually told Theresa May how to do it, but she did not agree, she did not listen to me. She wanted to go a different route," Trump said. He also questioned whether May was putting together the same Brexit strategy the UK population voted on in June 2016. "The deal she is striking is a much ­different deal than ...

To continue reading this article...

Join Professional Adviser for free

  • Unlimited access to real-time news, industry insights and market intelligence
  • Stay ahead of the curve with spotlights on emerging trends and technologies
  • Receive breaking news stories straight to your inbox in the daily newsletters
  • Make smart business decisions with the latest developments in regulation, investing retirement and protection
  • Members-only access to the editor’s weekly Friday commentary
  • Be the first to hear about our events and awards programmes

Join

 

Already a Professional Adviser member?

Login

More on Economics / Markets

2025 investment trends: The updated reality in wealth management

2025 investment trends: The updated reality in wealth management

'The future of wealth management will lie in personalisation'

Julia Khandoshko
clock 16 January 2025 • 4 min read
UK inflation lowers to 2.5% in December

UK inflation lowers to 2.5% in December

Down from 2.6% in November

Sorin Dojan
clock 15 January 2025 • 2 min read
'It's a challenging time': Advisers react to record gilt yield rises

'It's a challenging time': Advisers react to record gilt yield rises

Clients worried about a weakening UK economy

Isabel Baxter
clock 13 January 2025 • 5 min read