UK Official confirms Trump expected to announce US deal outline

An official at the UK government confirmed on Thursday that US President Donald Trump is expected to announce an outline of the US-UK trade deal.

The Wall Street Journal (WSJ) and the New York Times (NYT) reported earlier in the Asian session that Trump will likely announce a framework for a trade deal with the UK deal.

May 8, 2025

German Industrial Production jumps 3% MoM in March vs. 0.8% expected

Germany’s industrial sector activity increased more than expected in March, according to the latest data published by Destatis on Thursday.

Palladium price today: Rare metals down at the start of the European session

Platinum Group Metals (PGMs) trade with a negative tone at the beginning of Thursday, according to FXStreet data. Palladium (XPD) changes hands at $963.90 a troy ounce, with the XPD/USD pair easing from its previous close at $965.90.