Top.Mail.Ru
empty
09.05.2025 09:31 AM
The U.S. and U.K. Sign a Trade Agreement

The British pound fell in response to the news that the U.S. and the U.K. had signed a trade agreement. However, there are many nuances that need to be clarified.

Yesterday, President Donald Trump called the trade agreement with the U.K. a historic achievement and the first step in his revolutionary efforts to reform the global economy. However, as the president began revealing the deal's details, it became clear that it did not match his promised full and comprehensive free trade agreement between the U.S. and the U.K.

This image is no longer relevant

Trump had hoped the deal would revive confidence in his economic agenda—which, to some extent, it did, as both the dollar and U.S. stock indexes reacted positively. Still, the question remains: how long will that reaction last?

The agreement grants the U.S. expanded market access and faster customs procedures for exports to the U.K., while the U.K. receives limited tariff relief on cars, steel, and aluminum. However, many important details remain undisclosed.

"In terms of markets and those concerned about the U.S. economy, this is minor," said Tim Meyer, professor of international trade law at Duke University School of Law. "There's really not much to see here. Clearly, this is a framework document, not a full-fledged agreement."

At a press conference, Trump brushed off questions about whether he had overstated the deal's significance, calling it "a great deal for both sides" instead. "Every country wants to make deals," he added. Clearly, facing declining poll numbers and eroding confidence in his presidency, Trump sought to present a victory, as his tariff policies have destabilized global markets and increased the risk of a U.S. recession. He has repeatedly claimed that the short-term pain of his efforts is worth it, as they will bring more investment to the U.S. But recently, the president has made several concessions in an attempt to calm investor anxiety, making the deal with the U.K. appear more like a rushed attempt to show progress than the realization of a long-standing objective.

Trump described the trade framework with the U.K. as a "breakthrough" that would remove barriers and expand market access for U.S. goods—remarks that investors greeted positively. However, the deal only addressed a few of the major concerns of American companies in the U.S.-U.K. trade relationship.

The U.K. will retain its digital services tax, which impacts major U.S. tech firms, offering only a vague commitment to working toward a future digital trade agreement. Both sides also left unresolved the issue of Trump's proposed comprehensive pharmaceutical tariffs. And although the U.K. lifted tariffs on some U.S. agricultural products, its strict food standards remain intact.

In the end, the U.S. and U.K. issued conflicting information on key elements of the deal. The British government claimed that U.S. tariffs on British steel and aluminum would be eliminated, while the White House released its own statement saying they would "negotiate an alternative arrangement" on metal tariffs and that the framework establishes a "new trade partnership" in materials.

As previously mentioned, the dollar rose in response to this news, while risk assets saw a significant sell-off.

GBP/USD Technical Outlook

Pound buyers need to reclaim the nearest resistance at 1.3250. Only then can the pair aim for 1.3285, which is likely to be a tough level to break. The most ambitious target is the 1.3310 level. If the pair declines, bears will try to take control at 1.3212. A successful breakdown of this range would seriously damage bullish positions and push GBP/USD down to the 1.3170 low, with a possible extension to 1.3125.

EUR/USD Technical Outlook

EUR/USD buyers need to focus on reclaiming the 1.1260 level. Only this will allow for a test of 1.1310. From there, the pair could reach 1.1370, but doing so without strong support from institutional investors will be quite difficult. The ultimate goal remains the 1.1400 high. If the pair drops, serious buyer interest is only expected around 1.1205. If that support fails, a retest of the 1.1150 low is likely, or long positions may be opened from 1.1097.

Seleccione el marco de tiempo
5
min
15
min
30
min
1
hora
4
horas
1
día
1
s.
Gana con los cambios en el valor de las criptomonedas con InstaForex.
Descarga MetaTrader 4 y abre tu primera operación.
  • Grand Choice
    Contest by
    InstaForex
    InstaForex always strives to help you
    fulfill your biggest dreams.
    UNIRSE AL CONCURSO

Recommended Stories

El Bitcoin se vende fácilmente

Mientras el mercado debate cómo afectará la legislación sobre las stablecoins, la reanudación de las amenazas arancelarias de Donald Trump deteriora el apetito global por el riesgo y contribuye

Marek Petkovich 13:41 2025-06-02 UTC+2

Los litigios judiciales entre Trump y las empresas sobre los aranceles influirán negativamente en los mercados (existe la probabilidad de que continúe la caída del precio del Bitcoin y del Litecoin)

Los mercados mundiales siguen bajo la fuerte influencia de los acontecimientos que ocurren en Estados Unidos, que tanto en el ámbito político como en el económico se comportan como

Pati Gani 12:57 2025-05-30 UTC+2

Análisis del par GBP/USD. El 30 de mayo. La justicia prevaleció, ¿pero por cuánto tiempo?

El par de divisas el par GBP/USD el jueves se consolidó por debajo de la línea media móvil, mientras que el dólar creció durante tres días consecutivos. Sin embargo, todo

Paolo Greco 07:40 2025-05-30 UTC+2

Análisis del par EUR/USD. El 30 de mayo. Jaque a Donald Trump.

El par de divisas EUR/USD continuó un débil movimiento descendente durante la primera mitad del jueves, pero en la segunda mitad se disparó bruscamente al alza. Vimos un fuerte estallido

Paolo Greco 07:40 2025-05-30 UTC+2

Análisis del par GBP/USD. El 27 de mayo. La libra esterlina se mantiene estable.

El par de divisas GBP/USD continuó su movimiento alcista el lunes. Es importante señalar de inmediato que la situación con el euro es bastante complicada e inestable. El euro

Paolo Greco 07:28 2025-05-27 UTC+2

Análisis del par EUR/USD. El 27 de mayo. El presidente dijo, el presidente cambió de opinión.

El par de divisas EUR/USD reanudó su movimiento alcista durante la sesión del lunes desde la apertura del mercado. Otra caída del dólar estadounidense la semana pasada fue provocada

Paolo Greco 07:28 2025-05-27 UTC+2

El caos en los mercados continuará (hay probabilidad de una continuación de la caída local del #USDX y del precio del oro)

Los mercados continúan actuando a ciegas en medio de las acciones caóticas de D. Trump, quien intenta sacar a EE.UU. de la más profunda crisis integral como el barón

Pati Gani 11:26 2025-05-23 UTC+2

Análisis del par GBP/USD. El 22 de mayo. El mercado vuelve a responder sin ambigüedades a Trump.

El par de divisas GBP/USD continuó su movimiento hacia el norte el miércoles, aunque a primera vista no había razones claras para ello. Sí, el nivel de inflación (el único

Paolo Greco 07:12 2025-05-22 UTC+2

Análisis del par EUR/USD. El 22 de mayo. Un nuevo golpe al dólar: «One big beautiful bill act».

El par de divisas EUR/USD continuó su movimiento ascendente durante el miércoles. El dólar estadounidense lleva cayendo sin pausa por más de una semana, algo que no sucedía en todo

Paolo Greco 07:12 2025-05-22 UTC+2

El Bitcoin se convierte en víctima de estafadores

La confianza en el mundo financiero no solo puede perderla el dólar estadounidense. La información sobre el robo de datos de aproximadamente 197 mil clientes de Coinbase, la mayor plataforma

Marek Petkovich 14:05 2025-05-19 UTC+2
¿No puede hablar ahora mismo?
Ingrese su pregunta en el chat.
Widget callback
 

Dear visitor,

Your IP address shows that you are currently located in the USA. If you are a resident of the United States, you are prohibited from using the services of InstaFintech Group including online trading, online transfers, deposit/withdrawal of funds, etc.

If you think you are seeing this message by mistake and your location is not the US, kindly proceed to the website. Otherwise, you must leave the website in order to comply with government restrictions.

Why does your IP address show your location as the USA?

  • - you are using a VPN provided by a hosting company based in the United States;
  • - your IP does not have proper WHOIS records;
  • - an error occurred in the WHOIS geolocation database.

Please confirm whether you are a US resident or not by clicking the relevant button below. If you choose the wrong option, being a US resident, you will not be able to open an account with InstaForex anyway.

We are sorry for any inconvenience caused by this message.