The UK Government is out with its post-Brexit tariff plan on Monday, announcing GBP30 billion tariff cuts after the transition. Key takeaways “Global tariffs to replace EU common external tariffs starting from 1 January 2021.” “Tariffs to be maintained for agricultural products like beef, lamb, poultry.” “10% tariff on cars will also be maintained.” “Almost all pharmaceuticals, medical devices will be tariff free.” Market reaction The above announcement strengthened the bid tone around the pound, as GBP/USD extends the UK jobs data led gains to 1.2245. The spot is up 0.40% on the day. Breaking: GBP/USD jumps as UK March Unemployment Rate unexpectedly drops to 3.9% FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street FXStreet News share Read Next China said to target Australian exports of wine, seafood, oatmeal, fruit and dairy – Bloomberg FX Street 2 years The UK Government is out with its post-Brexit tariff plan on Monday, announcing GBP30 billion tariff cuts after the transition. Key takeaways "Global tariffs to replace EU common external tariffs starting from 1 January 2021." "Tariffs to be maintained for agricultural products like beef, lamb, poultry." "10% tariff on cars will also be maintained." "Almost all pharmaceuticals, medical devices will be tariff free." Market reaction The above announcement strengthened the bid tone around the pound, as GBP/USD extends the UK jobs data led gains to 1.2245. The spot is up 0.40% on the day. Breaking: GBP/USD jumps as UK March… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.
