UK and US have agreed on terms for trade deal – report

The report pretty much confirms that this is a “heads of terms” agreement. In other words, it is a preliminary agreement and a “substantive” step towards a full deal. Sky’s deputy political editor, Sam Coates, added that:

“I think it is politically helpful for Keir Starmer to have got the heads of terms, the kind of main points of a US-UK trade deal, nailed down before we see what we have negotiated with the EU – or, more importantly, Donald Trump sees what we have negotiated with the EU.”

This article was written by Justin Low at www.forexlive.com.