020 7898 0500Stock markets around the world rallied to a six-month high yesterday after Trump announced a new US-Mexico trade deal. The president hailed the deal, saying it was incredible for both parties and confirmed that negotiations with Canada would begin relatively soon. However, he also threatened Canada with tariffs if it didn’t sign up to his proposals.
The dollar lost more ground against the euro, but traded within a very tight range against sterling. Today we could see some moves as we will no doubt learn more about Trump’s trade policies and there is a key release from the US, namely the GDP growth rate for the second quarter of 2018.
Tomorrow we will see the personal income and spending figures, but the markets will no doubt be focused on Trump.
