We might have reached the peak in the de-escalation trade

If this trade deal with the UK was announced two or three weeks ago, I would have said that it's really good for the markets and would have been very upbeat on risk sentiment. The context is a bit different now, in my opinion. https://www.forexlive.com/news/we-might-have-reached-the-peak-in-the-de-escalation-trade-20250509