Martin is the second Trump nominee in as many days to be pulled after it appeared they would not have the Senate votes to be confirmed.
"A U.K.-U.S. trade agreement is very welcome... But the U.K. is a very open economy," Andrew Bailey told CNBC.
U.K.'s FTSE 100 fell following the announcement of a U.K.-U.S. trade deal and an interest rate cut by the Bank of England.
The EU has paused an initial set of retaliatory measures — a response to U.S. duties of 25% on steel and aluminum — to enable negotiations.
The Bank of England's interest rate cut on Thursday will bring a sigh of relief for borrowers, businesses and hard-pressed consumers across the country.
Powell no longer pulled punches in his post-meeting press conference, saying Trump tariffs "are likely" to lead to a downturn in economic conditions.
Powell no longer pulled punches in his post-meeting press conference, saying Trump tariffs "are likely" to lead to a downturn in economic conditions.
AppLovin shares soared in extended trading after the company beat first-quarter expectations and announced the sale of its mobile gaming business.
Libya’s provisional government denied in a post on social media that any coordination of deportations with the U.S. had taken place.
The central bank is expected to hold steady on rates, keeping them at a range of 4.25% to 4.5%. What Fed Chair Jerome Powell says at his presser will be key.