UK PM Johnson, US Pres. Biden set to focus on China in new UK-US accord – FT

The Financial Times (FT) came out with the early signals of how the first UK-US talks between British Prime Minister Boris Johnson and his American counterpart, President Joe Biden, will take place during Thursday’s key meeting in London.

“At their first face-to-face meeting, the UK prime minister and US president are expected to announce a task force charged with reopening transatlantic travel and agree in principle a deal to jointly develop technology, including artificial intelligence,” said FT.

The report also states, “But the meeting in Cornwall ahead of the G7 summit is set to also involve tensions: Biden will urge Johnson to work with the EU to end the stand-off over post-Brexit trading arrangements for Northern Ireland (NI).”

Elsewhere, The Times flashed the headlines saying, “Biden accuses Johnson of ‘inflaming’ Irish tensions.”

Market reaction

Although the news becomes a blow to the healthy market sentiment, be it from the Brexit point of view or concerning the western tussle with China, anxiety ahead of the key US inflation and ECB keeps the risk catalysts tight-lipped by the press time. That said, the GBP/USD also holds lower ground near 1.4115, after a two-day drop, by the press time of early Thursday morning in Asia.