"It’s a deal!” says Craig Erlam, senior market analyst, UK & EMEA at OANDA. “In typical eleventh hour fashion, the UK and EU have agreed a new Brexit deal, sending the pound soaring to seven month highs against the dollar.”
SINGAPORE (Oct 17): The British pound rallied and UK stocks turned higher as Britain and the European Union on Thursday finally reached a historic Brexit deal.
“Where there is a will, there is a deal – we have one!” says European Commission President Jean-Claude Juncker. “It’s a fair and balanced agreement for the EU and the UK and it is testament to our commitment to find solutions. I recommend that [the EU summit] endorses this deal.”
