The market is waiting for the announcement of a UK-US trade deal at 10 am ET but the details so far leaving the market disappointed. The UK FTSE 100 has fallen into negative territory after earlier trading higher.
A report from CNN indicated this is a vague ‘deal’ that leaves on the 10% US tariffs on broader goods and focuses on steel and autos.
The FTSE has been sliding since the report hit 30 minutes ago and is now into negative territory.
This take adds up for me:
This is also out from Robert Peston from ITV:
