Markets closed off a sold week flat, following the announcement of the first major trade deal, made with the US since ‘Liberation Day’. The UK and the US signed a Trade Agreement, setting a precedent, others are expected to follow in quick time. The US Treasury Secretary meets, this coming weekend in Switzerland, with China. This is the key trade agreement and progress is expected. The US Dollar continued to book gains, with the EUR drifting back towards 1.1200, while the GBP attempts to hold 1.3300. This coming week on markets welcomes a deluge of economic data, from across the globe, including GDP growth data and inflation numbers from both sides of the Atlantic.The rising reserve has flattened out the commodity currencies recent gains, with the AUD falling back to 0.6400, while the NZD looks to hold 0.5900. Markets will be focused on US Trade agreements as wells as growth and inflation data over the coming trading week.
