‘Maybe some point down the line there might be a UK-US trade agreement but it’s not going to happen any time soon because our focus is in negotiating with a big bloc — the European Union — to get a trade agreement done and the UK is going to be in the back of the queue.”

Opinion is divided about the impact of President Obama’s intervention in the 2016 European referendum. Remainers look on it as one of their few good days. In his memoirs, David Cameron says he was “delighted with the intervention. Obama was basically saying that all the ‘It’ll be OK’ assumptions from Leave were false.”

Yet many on the Leave campaign saw it as a turning point in their favour. Leave