Nov 29 2024 3 mins
The “Special Relationship” between the UK and the U.S. stretches beyond intelligence gathering and security, mutual defence treaties and NATO membership. Furthermore, the cliché that the countries are “nations divided by a common language” perfectly illustrates the bond between the two.
The royals, high tea, and Downton Abbey are among the “quant traditions that form “must-dos for visitors from “across the pond.”
However, Americans also love British pharma, chemicals, and Range Rovers, leaving the UK more exposed to Donald Trump’s tariff threats than other European countries.
According to data from the McKinsey Global Institute, the US is the No. 1 destination for nine out of 15 British categories of exported goods. By comparison, Germany has four sectors where the US is the main buyer, while France has only one.
The Prime Minister may well feign indifference to Trump’s threats, but the President-elect will always be his first call when wanting to discuss developments in global security
Beyond Currency Market Commentary:
Aims to provide deep insights into the political and economic events worldwide that can cause currencies to change and how this can affect your FX Exposure.
The royals, high tea, and Downton Abbey are among the “quant traditions that form “must-dos for visitors from “across the pond.”
However, Americans also love British pharma, chemicals, and Range Rovers, leaving the UK more exposed to Donald Trump’s tariff threats than other European countries.
According to data from the McKinsey Global Institute, the US is the No. 1 destination for nine out of 15 British categories of exported goods. By comparison, Germany has four sectors where the US is the main buyer, while France has only one.
The Prime Minister may well feign indifference to Trump’s threats, but the President-elect will always be his first call when wanting to discuss developments in global security
Beyond Currency Market Commentary:
Aims to provide deep insights into the political and economic events worldwide that can cause currencies to change and how this can affect your FX Exposure.