U.K. ETFs jump as Brexit deal is finalized

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
FXB,
+0.27%
and the Franklin FTSE United Kingdom ETF
FLGB,
+0.18%
were both up slightly more than 0.6% mid-morning, and the iShares MSCI United Kingdom ETF
EWU,
+0.20%
gained 0.5%. The pound
GBDUSD
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.