UK’s Truss: Trade talks with US to proceed at an accelerated pace

Dhwani Mehta FXStreet

The UK Trade Minister Liz Truss said in a statement on Monday, said that her government is hopeful the UK-US trade negotiations will proceed at an accelerated pace, per Reuters.

This comes after the first round of trade talks between both the countries concluded last week.

Key quotes

“Both sides are hopeful that negotiations for a comprehensive trade agreement can proceed at an accelerated pace.”

“Ambassador (Robert) Lighthizer and I agreed that a second virtual round will take place in the weeks of 15 and 26 June, and that in advance of that negotiating teams will continue their work and meet virtually on a rolling basis, with meetings continuing throughout this week and beyond.”

GBP/USD extends recovery

The pound is seeing some fresh buying interest over the last hour, as GBP/USD extends the recovery mode to near 1.2130 levels.

The GBP bulls ignore the increased calls for negative BOE interest rates, possibly gaining some momentum on the above positive trade headlines.

Author

Dhwani Mehta

FXStreet

Residing in Mumbai (India), Dhwani is a Senior Analyst and Manager of the Asian session at FXStreet. She has over 10 years of experience in analyzing and covering the global financial markets, with specialization in Forex and commodities markets.

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