BUZZ-COMMENT-Special relationship? Starmer-Trump meet looms over GBP
Feb 26 (Reuters) - The "special relationship" between Britain and the United States will be under scrutiny when British Prime Minister Keir Starmer meets U.S. President Donald Trump in Washington on Thursday, with potential consequences for sterling.
If the meeting goes well, the pound might add to its recent gains against the dollar. Should it go badly, GBP/USD could weaken.
Starmer did his best to generate a positive vibe to take into Thursday's meeting by announcing on Tuesday that he would increase Britain's defence spending to 2.5% of GDP by 2027.
U.S. Defense Secretary Pete Hegseth responded to the news by saying on X that it was "A strong step from an enduring partner".
On the subject of trade, Starmer will likely lobby for Britain to be excluded from Trump's tariff plans when he meets the U.S. leader. If an exemption were granted, it would be positive for sterling.
Data published earlier this month showed Britain posted a goods trade deficit with the U.S. in the fourth quarter of last year.
For more click on FXBUZ
Related Articles
Circle’s Next Chapter: Not Just Stablecoins, But a Payments Network
TradingKey - Stablecoins are meeting real-world demand, especially in emerging markets where payment systems are oftenfragmented, access to the traditional banking system is limited, or capital controls restrict seamless global flows.
What is BNB? Can CZ's Return to Binance Propel It to $2700?
It’s also worth noting that 2028 marks Bitcoin’s fifth halving — a historically bullish catalyst. If past cycles repeat, BNB could ride the wave to new highs. Considering macroeconomic trends, supply dynamics, CZ’s potential return, and the next bull market, Standard Chartered’s target seems increas
[Reuters Analysis] Heightened uncertainties feed Fed inconsistencies: McGeever
By Jamie McGeever ORLANDO, Florida, Sept 18 (Reuters) - The Federal Reserve cut interest rates on Wednesday for the first time in nine months, arguing the move is necessary to counter increasing risks to the labor market. The rationale is sound enough. There's only one problem - it seems to c...
Bitcoin Price Forecast: Trends and Investment Outlook from 2025 to 2030
From $0.01 in 2009 to $120,000+ in 2025, Bitcoin has evolved from obscurity to a globally recognized financial asset. While institutions and governments increasingly embrace it, investors must remain vigilant against volatility, security risks, and scams.
