British Pound Rises After Concept Agreement

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British Pound rises after Concept Agreement on future UK and EU Relationship. The price of the British pound jumped up on Thursday after a draft agreement on the future relation between the European Union and the United Kingdom after the Brexit.

 

The British pound was still 1.211 against the euro at 10.40 am a small loss of 0.1 percent.

An hour later this little deficit was turned to an increase of 0.74 percent.

The pound was worth a small 1.13 euro at 11.40 am.

Financial markets view the report as a step in the right control and a step away from the uncertainty of a ‘no deal Brexit’.

The political statement sets out in broad terms the future relationship between the United Kingdom and the EU.

The declaration covers issues such as trade directives and safety.

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