Exchange-traded funds with exposure to Great Britain rallied Thursday after news reports that the country had reached a trade deal with the European Union. The Invesco CurrencyShares British Pound Sterling Trust and the Franklin FTSE United Kingdom ETF were both up slightly more than 0.6% mid-morning, and the iShares MSCI United Kingdom ETF gained 0.5%. The pound also jumped 0.5% on the news. Britain is set to leave the EU's economic bloc Jan. 1, but few details about the post-divorce trade configurations had been set until now.
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