US President Trump says told Scott [Bessent] to cut off all dealings with Spain and not happy with UK either

President Trump's directive to cut off dealings with Spain and his dissatisfaction with the UK highlights a potentially escalating strain in trade relations. This rhetoric could increase uncertainty in the Euro and British Pound, prompting market players to reassess their positions in these currencies and related assets. Additionally, heightened geopolitical tensions may influence risk sentiment, impacting equities and commodities across the board.