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UK and US have reached a "heads of terms" trade agreement – Sky News

FXStreetMay 8, 2025 9:24 AM

Citing confirmation from a British government source, Sky News reported on Thursday that the UK and the US have reached a "heads of terms" agreement and a "substantive" step towards a full trade deal.

"I think it is politically helpful for Keir Starmer to have got the heads of terms, the kind of main points of a US-UK trade deal, nailed down before we see what we have negotiated with the EU - or, more importantly, Donald Trump sees what we have negotiated with the EU,” Sky News Deputy Political Editor, Sam Coates, said.

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