Plus500 does not provide CFD services to residents of the United States. Visit our U.S. website at us.plus500.com.

Possible Brexit Deal Reached as Deadline Looms

The United Kingdom and European Union are one step closer to finalising months of negotiations after an outline for the deal was made on Wednesday night. This comes with an expected announcement which may be released today.  

Brexit

This agreement welcomely comes a week before the December 31st deadline, although it is set to be released in the coming hours as officials in the European Commission’s headquarters discuss the final written agreement.

The agreement sets in fishery regulations between the two parties. Boris Johnson, the U.K.’s prime minister pushed for the U.K’s share in the value of fish caught to be dropped by 25% during a five and a half year time frame. Initially, Johnson negotiated for an 80% decline in only three years, but as the December 31st pressured deadline approaches, it was agreed after further talks that the U.K. would allow a 30% cut.

In addition to the new fishery regulations, the Brexit deal will also mean a tariff-free trade on country imports or exports between the E.U. and U.K. as well as aid in policing legislation in security. 

If the announcement goes forward it would put an end to almost five years of negotiations, dating back 2016 when the United Kingdom exited from the European Union. This will allow mutual respect across the English channel and will signal to companies that their investments will be protected as both zones continue uninterrupted trade.

The British Pound and Asian Markets Rise

As the outline for a Brexit agreement was reached yesterday night, Asian and Oceania indices as well as the pound rose yesterday ahead of the public official announcement.

The Japan 255 (NIY) rose 0.8% by the end of yesterday’s trading day while the Hong Kong 50 (HSI) climbed 0.3% and Australia’s ASX 200 gained 0.64%. 

The British pound gained 0.2% against the U.S. dollar (GBP/USD), climbing just above $US1.35 in yesterday’s trading day as traders watched the Brexit developments closely.

The Euro dropped against the British pound (EUR/GBP) by 1.1% yesterday at market close.

It remains to be seen if the announcement will be released today, leaving British and European traders with anticipation for this public release.

Articulos mas recientes


Obtén más con Plus500

Amplíe sus conocimientos

Aprende a través de vídeos informativos, seminarios web, artículos y guías con nuestra completa Academia de trading.

Explora nuestros +Insights

Descubre las tendencias dentro y fuera de Plus500.


Esta información fue redactada por Plus500 Ltd. La información se proporciona solo con fines generales y no tiene en cuenta ninguna circunstancia u objetivo personal. Antes de actuar con base en este material, debe considerar si es adecuado para sus circunstancias particulares y, si es necesario, buscar asesoramiento profesional. No se ofrece representación ni garantía en cuanto a la exactitud o integridad de esta información. No constituye asesoramiento financiero, de inversión ni de otro tipo en el que pueda confiar. Cualquier referencia a desempeños pasados, rendimientos históricos, proyecciones futuras y pronósticos estadísticos no son garantía de rendimientos futuros o desempeños futuros. Plus500 no será responsable del uso que pueda hacerse de esta información y de las consecuencias que puedan resultar de dicho uso. Por lo tanto, cualquier persona que actúe basándose en esta información lo hará a su propia discreción. La información no ha sido preparada según los requisitos legales creados para promover la independencia de la investigación sobre inversiones.

Los CFD de criptomonedas no están disponibles para clientes minoristas.

¿Necesitas ayuda?

Apoyo 24/7