Trump Cancels UK Visit Blaming New US Embassy

U.S. President Donald Trump cancelled a trip to London scheduled for next month to open a new embassy, saying he did not want to endorse what he understood was an Obama-era decision to move out of the old one.The cancellation is a further blow to relations between the allies. More than a year into his presidency, Trump has yet to visit London, with many Britons vowing to protest against a man they see as crude, volatile and opposed to their values on a range of issues.”(The) reason I cancelled my trip to London is that I am not a big fan of the Obama Administration having sold perhaps the best located and finest embassy in London for ‘peanuts,’ only to build a new one in an off location for 1.2 billion dollars,” Trump said in a tweet late on Thursday.

Source: Trump cancels Britain trip, blames Obama for ‘peanuts’ London embassy deal – Reuters

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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.