$USDC According to reports, the UK is set to sign a trade deal with the United States, becoming the first country to do so after the world's largest economy announced severe "reciprocal" tariffs against allies and rivals alike in April.

In London, the Bank of England cut its key interest rate by 25 basis points to 4.25% this Thursday. The bank's Monetary Policy Committee voted 5 to 4 in favor of the cut. Two of its members voted for a 50 basis point reduction, while another two preferred to keep the rate unchanged.