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Pound rally extends as UK seals Brexit deal on financial services with EU

Pound rallies further today on more positive Brexit news. The Times reported that a tentative deal is agreed between UK and the EU on all aspects of a future partnership on services. Most importantly, that would grant access of EU markets to for British financial services companies. Prime Minister Theresa May’s senior advisor Oliver Robbins is handling the negotiations in Brussels and is expected to complete it within three weeks.

The news came on top of reports that Brexit Minister Dominic Raab told MPs in a letter dated October 24 that November 21 is the date to conclude the Brexit negotiation. The letter was published on the Commons Brexit committee yesterday. But three hours after that, Raab’s office, Department for Exiting the European Union, backtracked and said there was “There is no set date for the negotiations to conclude. The 21st November was the date offered by the Chair of the Select Committee for the Secretary of State to give evidence.”

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