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Ireland’s Foreign Minister Simon Coveney said on Wednesday that the deal on the Northern Ireland Protocol indicates that the UK wants to rebuild trust, as reported by Reuters.

“It is a deal that the UK is in a dealmaking mode,” Coveney added.

Market reaction

These comments help the British pound continue to gather strength against its rivals. As of writing, the GBP/USD pair was up 0.75% on a daily basis at 1.3453. Meanwhile, the upbeat market mood is also reflected upon the UK’s FTSE 100 Index, which was last seen rising 0.57% at 6,596.