UK and EU negotiators are understood to have reached a tentative agreement on their future relationship surrounding services, as well as the exchange of data, with just five months to go before Britain leaves.
With five months to secure a Brexit deal before Britain is due to leave the EU, business leaders are demanding certainty over the kind of trade terms the divorce will deliver.
The services deal would give UK companies access to European markets as long as British financial regulation remained broadly aligned with the EU’s, The Times reported.
Following the news, the British pound was up nearly 1 percent versus the dollar overnight at 1.28 US dollars.
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