The president of the European Commission, Ursula von der Leyen, announced on Thursday that they have reached a trade agreement with the United Kingdom.
Additional conclusions
“It was a long and winding road, but we got a good deal.”
“The deal is fair, balanced and correct.”
“The talks were very difficult.”
“The deal also benefits the UK.”
“We will make sure that Brexit is left behind.”
“The single market will be fair and will continue to be so.”
“EU rules and standards will be respected.”
“We will continue to cooperate with the UK in all areas. Together we still achieve more than apart.”
“The EU is well prepared for Brexit.”
“The UK remains a trusted partner.”
Commenting on the deal, “the deal is fantastic news for families and businesses everywhere in the UK,” a Downing source told Reuters. “We have signed the first free trade agreement based on zero tariffs and zero quotas that has been achieved with the EU.”
In the meantime, “We will have a strong trade relationship with the EU and deepen our trade with partners around the world through our independent trade policy,” UK Trade Secretary Liz Truss tweeted.
Market reaction
The British pound began to erase the gains it made against its rivals earlier in the day. Investors may be looking to sell the fact after a two-day rally seen in the pair. GBP/USD, which was last seen gaining 0.45% on the day at 1.3552.
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