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European stock markets and the value of the pound are rising on Christmas Eve following reports that a Brexit deal between the EU and the UK is imminent.
The pound was up 0.5 percent against the dollar and the euro in morning trading.
Terje Bendiksby / NTB
The pound was up 0.5 percent against the dollar and the euro in morning trading.
At the same time, London’s FTSE 100 index rose 0.2% in early trading on Christmas Eve.
In Paris, the CAC 40 index was also up 0.2 percent in the morning, while operations in Frankfurt are closed for Christmas.
There is great enthusiasm for a potential trade deal between the UK and the EU, which may come on Christmas Eve morning.
Ian Cheshire, chairman of the British central bank Barclays, told the BBC that a deal would allow companies to plan ahead.
– I’m very happy that it looks like we can continue our most important business relationship, he says.
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