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Hopes rise of UK-EU financial service deal

Hopes rise of UK-EU financial service deal

London : The UK has struck a deal with the EU on post-Brexit financial services, according to unconfirmed reports. The Times newspaper said London had agreed in talks with Brussels to give UK financial services firms continued access to the bloc. The pound has risen 1% against the dollar in response. But a government source said that was “a rather rose-tinted interpretation of where we have got to”.The source told the BBC: “People shouldn’t get ahead of themselves.”The Times said in its report that an initial deal on exchange of data had also been agreed.It added the deal was expected to be completed within three weeks.Sterling rose on hopes of an agreement, with the pound up by more than a cent against the dollar at $1.2887.