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Pound Rises as Britain and E.U. Announce a Post-Brexit Trade Deal


But the relief of actually reaching a deal, and the potential for future cooperation, will reassure many.The head of Confederation of British Industry, which represents 190,000 businesses across the country, called the deal a “huge relief,” but said companies still needed more time to pour over the details and implement changes. “It is urgent that both sides agree to smooth the cliff-edge next week,” said Tony Danker, the group’s director general, referring the changes coming Jan. 1.But some of the details published by the European Commission show the new trade agreement will apply immediately starting Jan. 1. It will be …

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