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GBP Boosted As U.S.-U.K. Would Remain "Close Allies"

Nov, 10th 17:41

The British Pound (GBP) gained ground versus the U.S. dollar on Thursday, bolstered by a recent phone call between Theresa May and Donald Trump, which has reinforced a future UK-US trade deal that had been implied by Trump’s Trade Advisor Dan DiMicco.

British Prime Minister Theresa May spoke to President-elect Donald Trump to congratulate him on his “hard-fought election campaign and victory.” According to the statement, May highlighted her intention to strengthen investment and bilateral trade with the U.S. in light of Brexit. She also noted that Britain and the U.S. “have always stood together as close allies.”

Mr. Trump, in turn, “strongly agreed” with this claim, saying the United Kingdom is “a very, very special place for me and our country” and invited Ms. May to visit him as soon as possible after he takes office in January.

Speaking on what Trump would do if elected, DiMicco stated last month that the UK would go the ‘front of the queue’ when it came to foreign trade agreements.

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