UK government has become concerned it could face fresh criticism from President Trump if it does not lay out a plan to quickly and credibly raise defence spending, Bloomberg reports

UK government has become concerned it could face fresh criticism from President Trump if it does not lay out a plan to quickly and credibly raise defence spending, Bloomberg reports.

The UK's concerns about potential criticism from President Trump regarding defense spending could signal heightened diplomatic tensions and affect market sentiment. This situation may lead to increased volatility in GBP and could also influence broader risk sentiment across equities and commodities as markets react to shifts in U.S.-UK relations.