A Sound of Thunder:

Would Hitler accept such terms? Britain is not defeated and the ceasefire would only favor UK in a future war with Germany. During the ceasefire convoys would not be attacked so Britain can store much more materiel. Plus I see Germans demanding at least Gibraltar if not other territorial changes from UK.
On the British side: would they really make a separate peace with Nazis knowing this could anger the Americans?

In this case yes, as Hitler doesn't want war with the UK and if he thinks he can get a cease-fire with a white peace he really doesn't care. Hitler was no Anglophobe. In terms of the British they really don't have a choice as their own mistakes mean they can't do much to the Germans and Japanese where the two together can and will do very bad things to them.
 
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