UK and EU agree on new Brexit deal, Boris Johnson says
rose on news after the U.K. made concessions over the Irish border, an issue that had proven to be the biggest obstacle to a deal up to that point. The pound was 0.8% higher against the dollar, at $1.2929, reaching a five-month high.
U.K. Prime Minister Boris Johnson said "we have a great new Brexit deal" via Twitter. He called on British lawmakers to back the deal when it's put before Parliament on Saturday. Meanwhile, European Commission President Jean-Claude Juncker said the deal was a "fair and balanced" one. Discussions to hammer out a "Withdrawal Agreement" — that will now be put before EU leaders at their summit on Thursday and Friday, and then U.K. lawmakers at the weekend — had continued late into the night Tuesday and into Wednesday.
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