The UK reaches historic Brexit divorce deal – FT

Dhwani Mehta FXStreet

The UK managed to strike a historic deal with the EU on the Brexit settlement bill early Friday, opening doors for the trade talks and a smooth Brexit transition.

Key Points via FT.

“Britain reached a historic deal on its EU exit terms on Friday, enshrining special rights for 4m citizens and paying €40bn-€60bn in a hard-fought Brexit divorce settlement that clears the way for trade talks next year.

Theresa May and Jean-Claude Juncker, the European Commission president, met early on Friday to sign off a 15-page “progress report” that will allow EU negotiators to recommend opening a second phase of talks on post-Brexit relations.

Shortly after the breakfast started, Mr. Juncker’s chief of staff Martin Selmayr tweeted pictures of white smoke rising from a chimney stack, indicating the deal was done.”

Meanwhile, the GBP/USD pair slipped further away from 1.35 handle on the above headlines, now trading around 1.3475 levels.

Author

Dhwani Mehta

FXStreet

Residing in Mumbai (India), Dhwani is a Senior Analyst and Manager of the Asian session at FXStreet. She has over 10 years of experience in analyzing and covering the global financial markets, with specialization in Forex and commodities markets.

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