UK ministers have voiced concerns about the damage to the tech sector and its alliance with the US as the PM plans for closer relations with the EU, FT reports citing sources

The concerns raised by UK ministers about potential damage to the tech sector due to a pivot towards the EU may signal heightened volatility in tech stocks and related sectors. If these tensions escalate, it could strain UK-US alliances, impacting sentiment in both equity and currency markets, particularly for the GBP. Traders should watch for reactions from technology firms and any implications for trade policies.