Labour Won’t Pander to Erratic Trump

Britain won’t kowtow to Donald Trump in its foreign policy if Labour wins the June 8 general election, party leader Jeremy Corbyn will say, taking a swipe at Prime Minister Theresa May on Friday for her overtures to the U.S. president.

“Waiting to see which way the wind blows in Washington isn’t strong leadership,” Corbyn will say in a speech at the foreign policy think tank Chatham House in London, according to remarks emailed by his party. “Pandering to an erratic Trump administration will not deliver stability. Britain deserves better than simply outsourcing our country’s security and prosperity to the whims of the Trump White House.”

May has sought to forge strong ties with Trump, becoming the first foreign leader to visit him shortly after he took office, and signaling to journalists that “sometimes opposites attract.” She secured Trump’s commitment to NATO and to forging a new trade deal with the U.K., and even held the president’s hand during her visit to the White House. Since then, she’s also indicated support for U.S. military action in Syria.

Bloomberg

DAX Steady as German GDP Climbs 0.6%

EUR/USD – Euro Drifting as German GDP Matches Forecast

This article is for general information purposes only. It is not investment advice or a solution to buy or sell securities. Opinions are the authors; not necessarily that of OANDA Corporation or any of its affiliates, subsidiaries, officers or directors. Leveraged trading is high risk and not suitable for all. You could lose all of your deposited funds.

Craig Erlam

Craig Erlam

Senior Currency Analyst at OANDA
Based in London, England, Craig Erlam joined OANDA in 2015 as a Market Analyst. With more than five years' experience as a financial market analyst and trader, he focuses on both fundamental and technical analysis while conducting macroeconomic commentary. He has been published by The Financial Times, Reuters, the Wall Street Journal and The Telegraph, and he also appears regularly as a guest commentator on networks including Sky News, Bloomberg, CNBC and BBC. Craig holds a full membership to the Society of Technical Analysts and he is recognized as a Certified Financial Technician by the International Federation of Technical Analysts.