Like the beautiful game of football.

No, it's definitely soccer.

But do you like my sneakers?

You mean trainers.

But there is one phrase that we do have in common.

And we've heard it over and over.

Special relationship.

Extraordinarily special relationship.

Special relationship.

Special relationship.

The phrase has been used by leaders from our two countries

for more than 70 years to reinforce diplomatic ties.

But what does it really mean?

The term special relationship was officially coined by Winston Churchill in 1946

following the allied victory over Nazi Germany.

Churchill said the U.K. and the U.S. were each other's biggest allies,

not least because they shared the same language.

The phrase reinforced common cultural, political and economic ties between the two countries

as they faced the growing threat of communism.

And many of those ties still exist today.

When it comes to foreign investment, the U.K. and the U.S. pour more money

into each other's economies than any other country in the world.

And they share a workforce, too.

More than 1.1 million Americans work for British companies in the U.S.

and nearly 1.4 million Britons are directly employed by U.S. affiliates.

Now we know relations between our two countries haven't always been perfect.

Let's not forget the whole reason we became the United States.

Come on Elizabeth, that was nearly 300 years ago. Let's move on.

Alright, alright. Let's go back to the 1940s.

Close ties between the U.S. and the U.K. helped lay the groundwork for the creation of NATO,

an alliance between several countries that wanted protection

from the Soviet Union's growing sphere of influence.

Intelligence sharing during this time also became a bond that tied the U.S. and U.K. together.

The countries established the UKUSA Agreement,

an alliance that allowed them to share highly-classified information.

The agreement still exists today.

During the Cold War however the special relationship was not without its own hiccups.

In 1956, the relationship hit a rocky patch during the Suez crisis

when British prime minister Anthony Eden was pressured by U.S. president Dwight Eisenhower

into withdrawing the U.K.'s military operation in Egypt.

Was it likely to endanger widespread British and international interests?

It was.

One thing that became clear?

The U.S. was the dominant partner in the relationship.

Just look at the size of their economies.

In the U.S. GDP is over $19 trillion, while in the U.K. it's around $2.5 trillion.

And the U.K. relies on the U.S. as its most important trading partner.

It exports $130 billion worth of goods to the U.S.

That's more than double what it sends to Germany, its second-biggest trading partner.

So why does the U.S. even need a special relationship with a smaller economy like the U.K., Tom?

Well Elizabeth, good relationships aren't just about money.

Really?

Think of the military and diplomatic ties,

not to mention the cultural collaborations between our two nations.

I mean, what about Taylor and Burton, remember them?

No, not exactly, but I do remember Prince Harry and Meghan Markle.

And then there's Maggie and Ron.

Margaret Thatcher met her ideological soulmate in Ronald Reagan during the 1980s.

They oversaw the end of the Cold War and

a joint commitment to free markets, capitalism and small government.

When it comes to military action, the U.K. and U.S. have followed one another into conflicts around the world.

After 9/11 Tony Blair got behind George W. Bush and Britain joined the U.S. in the Iraq War

despite opposition at home.

And Barack Obama went the extra mile for David Cameron by publicly backing his anti-Brexit position.

The U.K. is going to be in the back of the queue.

We now know how that turned out.

Which leaves us with Theresa May and Donald Trump.

So far it's been love/hate between these two.

They were cozy at the White House after President Trump's election.

But since then President Trump has gone after the Prime Minister on Twitter,

even canceling a scheduled visit here to London, citing the cost and his dislike of the new U.S. embassy.

By playing hard to get the President could be trying to fulfil his “America First” agenda.

But with Britain's post-Brexit future still unclear, the special relationship could be more important than ever.

Hey guys.

Tom and Elizabeth here, thanks for watching.

Be sure to check out more of our videos over here.

And don't forget to subscribe.

See you later!