White House officials believe a trade deal with Britain can be finalised within three weeks, according to reports.

The Telegraph reports that an insider familiar with the strategy said London was in a good position for a rapid deal. 

It comes a day after the US vice-president JD Vance sent the FTSE 100 surging by predicting Donald Trump would agree a "great" trade deal because of his "cultural affinity" with the UK. 

A White House official told The Telegraph that meant an agreement was expected “soon”.

“Two weeks,” he said, adding: “Or maybe three.”

FTSE 100

The UK's flagship share index, the FTSE 100, was up two-points at 8,212 shortly after opening this morning.

Brent crude oil futures were down 0.42%, trading at $66.23 a barrel.

Companies reporting today

Deliveroo -Q1 Trading Statement

Dunelm Group - Q3 Trading Statement Release

J Sainsbury* - Full Year Results

Netflix* - Q1 Results

Ninety One - Q4 Assets Under Management

Rentokil Initial - Q1 Trading Statement

TSMC* - Q1 Results

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