Tusk's publication of an EU-UK draft agreement...>

UK: Tusk's publication of an EU-UK draft agreement has helped underpin rallies

in GBP and the EUR and press Gilt futures to session lows.

-The deal outlines the withdrawal agreement struck by EU-UK negotiators

overnight detailing transition period extensions, an economic partnership

securing no tariffs, fees or charges on international trade, and 'ambitious'

customs arrangements that build the 'single customs area'.

-The agreement covers services as well as goods trade, with the draft text

foreseeing equivalence for the UK banking sector. 

-Uncertainties and points of contention remain in the deal e.g. fisheries policy

has not been finalised, with the agreement kicking the can out to 2020.

-Note, the agreement is still subject to independent assessment and passage

through each and every EU-27 member. UK PM May is set to make a statement to the

House of Commons at 1430GMT. The EU summit follows Sunday for final approval.