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Big differences overcome
The document has not yet been signed, but Brussels and London managed to overcome the main differences. In the context of this news, the British pound appreciated slightly against the dollar.
The UK and EU authorities have reached an agreement in principle to conclude an agreement on future relations and free trade. This was reported on Wednesday December 23rd by Sky News, citing UK government sources.
However, it is noted that the parties have not yet signed the document, but the main differences were overcome.
Meanwhile, BBC political columnist Laura Künsberg noted that the consultations “are in the final circle.”
The Financial Times notes that the parties will finally be able to “shake hands” after a few hours of tense negotiations.
Meanwhile, in the context of this information, the rate of the British pound has already risen one percent against the dollar, to $ 1.3512 per British currency unit, and 0.9% against the euro, to 1.108 euros per pound.
Note that Great Britain left the EU on February 1, 2020. The parties agree on a transitional period until the end of the year. Now Brussels and London are negotiating the format of their future relations, and the representatives are also expected to conclude a free trade agreement. If the parties do not reach an agreement, Britain and the EU will trade according to the rules of the World Trade Organization with the application of all tariffs and quotas.
Stock up on food. London ready for a no-deal Brexit
Before that, Korrespondent.net wrote that the European Union and Great Britain did not have time to complete the Brexit negotiations.
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