During the fourth round of trades talks with the US, the UK’s Trade Secretary Liz Truss said that both sides exchanged initial tariff offers and held a discussion about market access.
The exchange of tariff offers is a notable milestone, she added.
“The negotiations will continue at pace through the autumn.”
“Fifth round of talks will take place in mid to late October.”
GBP/USD struggles to extend the recovery above 1.2800, now wavering near the latter, as the UK rolled out new restrictions to contain the coronavirus spread. The spot hit two-month lows at 1.2717 in reaction to the BOE Governor Andrew Bailey’s comments.
Credit: FX Street