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Plenty of ink has been spilled over Brexit’s impact on FTSE 100 shares. Leaving the EU produced many challenges, but one of the touted benefits was the tantalising prospect of a trade deal with the US — Britain’s largest single trading partner.
Well, here it is! On Thursday (8 May), President Trump and Prime Minister Starmer were full of mutual praise as they announced the fruits of years of negotiation. The agreed economic deal was hailed as “full and comprehensive” by the White House, and a “win for both countries” by Downing Street.
So, could this be a fabulous opportunity for FTSE 100 investors? Or is the devil in the details?
One step forward, two steps back?
In theory, FTSE 100 stocks have much to gain from a UK-US trade deal. The American market’s responsible for around 30% of Footsie companies’ revenues. That’s considerably greater than any other global…
