Britain clinched a Brexit trade deal with the European Union on Thursday ahead of exit from the world’s largest trading bloc in a week, reports Reuters. The deal guarantees that Britain is no longer bound by the EU rules and potentially ends months of intense negotiations between the bloc officials and the U.K.
- The EU-UK trade news is welcome for many families and businesses in the U.K who will benefit from the first free trade agreement based on zero tariffs and zero quotas.
- There is no role for the European Court of Justice, and all of the key red lines about returning sovereignty have been achieved.
- The Brexit trade worth 668 billion pounds ($909 billion) in 2019 is covered by the deal
U.K stocks and the pound are currently gaining. FTSE 100 is up 0.098%, GBPUSD is up 0.32%.