There’s been a flurry of announcements this morning as the UK gears up for US President Donald Trump’s second state visit to the UK this week.
This morning, it was announced that the UK and the US are set to sign a landmark agreement aimed at accelerating the development of nuclear power.
The two countries have also signed a defence and security deal with Google Cloud. And over the weekend, it emerged Google is in talks to build a mammoth datacentre on a site in the northeast of England.
Other trade deals and announcements are expected over the coming days.
Meanwhile, in the markets this week we’re expecting trading updates from Kier Group, and Trustpilot on Tuesday. Barratt, Redrow, and Next are set to report their full-year and half-year results later in the week. Investec is slated to report results on Friday.
On Tuesday, we’ll also get the latest UK unemployment data. The UK unemployment rate is expected to remain steady at 4.7 per cent, while wages are also expected to continue their upward trend.
At 6:50 am in London, the FTSE 100 is set to open flat, while the pound is trading at $1.356 against the US dollar. Spot gold is at $3,644, taking a breather after its record-breaking rally last week.