Britain and the European Union have agreed the Brexit draft treaty on Thursday.

-The deal that will enable us to do this is now within our grasp. In these crucial 72 hours ahead, I will do everything possible to deliver it for the British people, PM Theresa May said.

According to Reuters, the main text of the political declaration is that the countries have agreed to develop an ambitious, wide-ranging and balanced econonomic relationship.

The aim during this week is still that the UK and EU will meet on Saturday to finalise the treaty for the EU leaders summit on Sunday. After that the treaty will be discussed in the UK Parliament for final approval. The UK exit from EU would happen on 29th March 2019.

The transition period, which is to end in December 2020 can be extended for two more years. May has said it must end before a British election due in mid 2022.

Financial markets were mixed today on Friday in the Asian markets and Shanghai- index was down 2,14 % and Hang Seng -index -0,64 % in Hong Kong.  On the other hand the Nikkei 225  -index was up 0,65 % in Tokyo.

Wall Street was closed yesterday due to the Thanksgiving and today on Friday the trading will be closed at 1 pm Eastern time in New York.

Euro was trading up 0,08 % against US-dollar at 1,1412 and sterling- US-dollar was down 0,05 % at 1,287 dollars.

 

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