The pound strengthened throughout the course of yesterday on news that a Brexit trade deal is “pretty much there”, according to a report quoting an EU diplomat. It has now been reported that a Brexit deal has been agreed and final details need tying up before any official announcement.
It is expected that the Brexit trade deal will be announced at a press conference this morning. After this, a copy of the deal will go to every single European member state for their review and each one of them has the potential to veto this deal. It is thought unlikely they will. If they sign it off, the deal could come into place provisionally from January 1.
Conservative Brexiteers have also said that they want to scrutinize the deal at the earliest opportunity. However, it is expected to pass through Parliament. It is hoped that the deal will give businesses clarity and allow planning for the future.
