UK Markets See Muted Reaction to Trade Framework With US

UK stocks and the pound were little changed after US President Donald Trump announced a trade framework with the UK, which he called a “breakthrough” deal.

Sterling held gains triggered by the Bank of England policy decision, advancing against all Group-of-10 currencies except for the dollar. The FTSE 100 closed 0.3% lower, underperforming gains on the Euro Stoxx 50.