The Prime Minister of the United Kingdom (UK), Boris Johnson, on Thursday, said a “great new” Brexit deal had been agreed “that takes back control”.
The deal was confirmed also by the European Commission’s President Jean-Claude Juncker.
“Where there is a will, there is a deal – we have one! It’s a fair and balanced agreement for the EU and the UK and it is a testament to our commitment to finding solutions,” Juncker tweeted.
He further said the European Union Council leaders of member states have to endorse the deal to give it legitimacy.
The development is coming just days before the October 31 exit deadline of Britain from the EU.
Following reports on the imminence of the deal, the Sterling rose 1.5 percent on the dollar to $1.28, and by a similar amount against the euro to 86.3 pence.
On the FTSE 100, shares with a big exposure to the health of the UK economy rose sharply. Builders Barratt Developments and British Land were up about 6%, and Lloyds Banking Group and Royal Bank of Scotland rose more than 5%. Next, ITV and Ocado were also big risers.
