UK Government Borrowing Costs Jump, Sterling Rallies as Britain and EU Agree to Reset Relations

Five years after leaving the EU, both sides agreed on a deal to deepen relations, on security issues and a reduction of trade barriers. However, a concession from the British has already provoked fierce resistance.

UK government borrowing costs jump, sterling rallies as Britain and EU agree to reset relations

European stocks closed flat on Monday.

The rapprochement was contributed not only by the return of Labor to power, but also by growing tensions on the world stage caused by Russian aggression in Ukraine and the rise of Donald Trump.

Terms will be detailed on this Tuesday and include economic and defence clauses