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Trump turns to trade talks on UK state visit

04:36 PM | 4 Jun, 2019
Trump turns to trade talks on UK state visit
LONDON - US President Donald Trump meets outgoing Prime Minister Theresa May on Tuesday for trade-centred talks during his state visit to Britain, with protesters set to gather outside the gates.

After a glittering banquet thrown by Queen Elizabeth II on Monday, the second day of Trump's trip turns from pomp and ceremony to politics and business.

The president's three-day visit -- centred around Wednesday's D-Day 75th-anniversary commemorations -- comes at a tricky time for Britain, with May stepping down within weeks over her handling of Brexit.

The UK-US "special relationship" has been under strain over different approaches to Iran, the use of Chinese technology in 5G networks, climate change, and Trump's personal politics.

May is due to step down as leader of the governing Conservative Party on Friday, her Brexit strategy having imploded after nearly three years in the job.

Some 13 candidates so far are jostling to replace her as prime minister by late July.

Trump has weighed in on Brexit, saying he would walk away from the European Union without a deal if he could not get a deal he liked.

He has also said he would like to strike a quick trade agreement once Britain leaves the EU. "Big trade deal is possible once UK gets rid of the shackles," he tweeted Monday.

Trump and May are set to co-host a business breakfast meeting at St. James's Palace with five top companies each from Britain and the United States.

Chiefs from BAE Systems, GlaxoSmithKline, Barclays, Reckitt Benckiser, JP Morgan, Lockheed Martin and Goldman Sachs International are among those expected to attend.

Free Trade Deal

"It is a great partnership, but one I believe we can make greater still," May was to say at the business round-table, according to her Downing Street office.

"With a bilateral free trade agreement, with broader economic co-operation... there are opportunities to seize. "Through dialogue like this we can ensure that our economic partnership not only endures but continues to grow stronger for many years to come."

Britain's Prince Andrew, finance minister Philip Hammond and international trade minister Liam Fox are set to take part, along with US Secretary of State Mike Pompeo and US Treasury Secretary Steven Mnuchin.

May, Trump and their teams were then set to hold talks at Downing Street, followed by lunch together and press conference.
State visits are filled with ceremony, personal touches, gifts and fancy dinners -- this one being no exception.

The three-course lunch in 10 Downing Street's state dining room will consist of Paignton harbour crab, followed by Lake District beef fillet and an Eton mess with peach for dessert.

May will give Trump a copy of one of the most significant documents in the transatlantic "special relationship" -- a framed copy of Winston Churchill's personal draft of the 1941 Atlantic Charter, which defined the Allied goals post-World War II.

Trump and May will also go on a private tour of the Churchill War Rooms, the bunkers from which Britain's wartime prime minister ran his operations.

Baby Blimp 

Outside, thousands of leftwing anti-Trump protesters are due to rally in London's Whitehall government district, headed by Labour opposition leader Jeremy Corbyn.

The demonstration will rally round a giant inflatable balloon mocking Trump by depicting him as an orange baby.
Corbyn, in his capacity as leader the opposition, was invited to Monday's state banquet but boycotted the occasion, accusing Trump of "racist and misogynistic rhetoric".

He said the protest was "an opportunity to stand in solidarity with those he's attacked in America, around the world and in our own country".

Corbyn is a late addition to a bill of left-wing lawmakers, trade unionists and protest regulars set to address the crowds. Trump's day will be rounded off with a dinner at the US ambassador's Winfield House residence.

The heir to the throne Prince Charles and his wife Camilla will attend on behalf of Queen Elizabeth. At Monday's state banquet, Trump hailed the sovereign as a "great, great woman" as the Trump dynasty joined the royal family in the Buckingham Palace ballroom.

On Wednesday, May and Trump will conclude the trip by joining other world leaders in the English port of Portsmouth to commemorate 75 years since the D-Day landings, which changed the course of World War II.

Associated Press of Pakistan Corporation (APPC) - Pakistan's Premier News Agency

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Currency Rates Today - Pakistani Rupee to US Dollar, Euro, Pound, Dirham, Riyal - 14 July 2024

Pakistani currency rates against US Dollar and other currencies on July 14, 2024 (Sunday) in open market.

USD to PKR Rate Today

US dollar was being quoted at 279.8 for buying and 280.75 for selling. Euro's buying rate moves up to 301.25 and selling rate is 303.15.

British Pound rate is 355.15 for buying, and 358.65 for selling. UAE Dirham AED was at 76.5 and Saudi Riyal lowered to 73.65.

Currency Rates Today

Source: Forex Association of Pakistan. (last update 08:00 AM)
Currency Symbol Buying Selling
US Dollar USD 279.8 280.75
Euro EUR 301.25  303.15
UK Pound Sterling GBP 355.15 358.65
U.A.E Dirham AED 76.5 77.25
Saudi Riyal SAR 73.65 74.37
Australian Dollar AUD 184.55 186.35
Bahrain Dinar BHD 741 749
Canadian Dollar CAD 203.75 205.75
China Yuan CNY 38.35 38.75
Danish Krone DKK 40.05 40.45
Hong Kong Dollar HKD 35.7 36.05
Indian Rupee INR 3.33 3.43
Japanese Yen JPY 1.91 1.99
Kuwaiti Dinar KWD 908.25 917.35
Malaysian Ringgit MYR 58.95 59.75
New Zealand Dollar NZD 169.24 171.24
Norwegians Krone NOK 26.04 26.34
Omani Riyal OMR 722.87 730.89
Qatari Riyal QAR 76.39 77.09
Singapore Dollar SGD 202 204
Swedish Korona SEK 26.5 26.8
Swiss Franc CHF 309.15 311.65
Thai Bhat THB 7.5 7.65

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