UK and US to Begin Trade Talks on July 24

The U.K. and U.S. will open negotiations over a post-Brexit trade agreement next month, posing an early test of Britain’s ability to strike such deals and of its relationship with President Donald Trump.

“There are some very, very big markets that we will be able to take advantage of,’’ U.K. Trade Secretary Liam Fox told BBC TV’s “Question Time” program late Thursday. “I’ve got news for you — that we are beginning our actual discussions on July 24.’’

Britain cannot formally sign trade deals with other countries until it leaves the European Union in March 2019, but can prepare the groundwork for them to be ratified soon after. Such accords are key to Prime Minister Theresa May’s ability to deliver what she calls the “promise of Brexit.”

Bloomberg

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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.