8 May 2025, 17:06 | Updated: 8 May 2025, 19:00

By Lindsay James, investment strategist at Quilter

The first trade deal to be announced by the White House was secured by the UK on VE Day, symbolism that was heavily underlined by both the prime minister and the president as both went to great lengths to emphasise their unity at a time when US support for Europe has been regularly questioned.

The contents of the deal remain very limited in their totality, and we await the full detail before we can say if there is a winner from this negotiation.

However, for the UK this deal appears to be ultimately favourable for some of its largest exports, specifically cars, auto parts and aerospace engines to........

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