UK, European Union Make Progress On Deal Talks

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The U.K. and the European Union are reportedly making progress on a deal that would give London access to the EU markets once Brexit is complete.

Reuters, citing two British officials, reported that while talks are progressing, a final agreement hasn’t been reached yet. The deal being bandied about would be based on the existing system of financial markets in the EU known as “equivalence,” which has been seen all along as the deal the U.K. could expect to get out of the EU. Reuters noted that The Times reported a tentative deal has been reached, including on the exchange of data. If that proves true, it would be a concession on the part of the

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