Another important step has been taken towards the UK's exit from the EU. It is too early to talk about the completion of this process, but Brexit has become a little closer. At a recent summit in Brussels, EU leaders approved a Brexit deal agreed with the UK government. If the European Parliament and the UK House of Commons ratify the deal, the agreement will enter into force on March 30 next year. But, despite this step, the easy Brexit is unlikely. European Commission President Jean-Claude Juncker called the deal “a tragedy”, and UK Prime Minister Theresa May openly doubts that she will be able to convince representatives of the House of Commons to sign an agreement. This is not surprising, because the only May's argument is that "this deal is the best possible, and it is necessary to fulfill the will of the people."
However, the approval from the EU reassured market participants a little. Both the euro and the pound received much-needed support. "Today marks the culmination of a long and difficult process of negotiation between the UK and the EU. There were those who said that reaching a Brexit agreement that worked for both sides was an impossible task. From the start, I rejected that counsel of despair and set about negotiating a deal that worked for the UK and the EU - one that delivered on the result of the referendum and set us on course for a prosperous future while maintaining a close relationship with our friends and neighbours," British Prime Minister said. It is noteworthy that the EU warned beforehand that this is the final decision and London will not get a better offer.
