The UK trade deal will be submitted to the EU Council and Parliament

The main Brexit negotiator of the European Union (EU), Michel Barnier, makes his comments after the EU and the UK finally reached a trade deal.

Key statements

“The clock is no longer ticking.”

“Today is a day of relief.”

“There will be real changes.”

“We have built a new association.”

“Britain has a new status as an independent coastal state.”

“The EU will support fishermen.”

“The proposal will be presented to the Council of the EU, to the Parliament of the EU.”

“We are working together to build this agreement stage by stage.”

“Treatment unprecedented in scope, complexity.”

Market reaction

The pair GBP/USD is consolidating its daily earnings as investors continue to weigh in on the details of the Brexit deal. At time of writing, the pair was up 0.46% on the day at 1.3555.

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