of top eurozone shares up 1.2%. The UK market closes at 1230 GMT for the Christmas holidays.
"To some extent, the devil will be in the detail, yet markets and the pound are likely to celebrate almost any type of agreement that avoids a no-deal scenario," analysts atSince the British government put UK membership of the EU to a public vote in June 2016, the pound has fallen by around 8% against the dollar and roughly the same amount against the euro.
In that time, the FTSE 100 has risen by around 4.7%, aided in part by the decline in the pound, given that the components of the index are export-intensive and benefit from a weaker currency. In addition to the uncertainty over Brexit since the UK formally left the EU on January 31 this year, Britain has, like most other countries, had the COVID-19 pandemic to handle. The UK was the first country in the world to approve a vaccine against the virus. However, it also has the highest death rate in Europe, with nearly 70,000 fatalities. Most of the population is living under the toughest lockdown conditions.
So a bad, desperate deal may be better than no deal?
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