What the Latest Brexit Deal Means for Investors

When it comes to the UK’s geopolitical discount, it’s the tone that really matters.

Rishi Sunak, UK prime minister, left, and Ursula von der Leyen, president of the European Commission, during a joint news conference on a post-Brexit deal.

Photographer: Chris J. Ratcliffe/Bloomberg

Welcome to Money Distilled. I’m John Stepek. Every week day I look at the biggest stories in markets and economics, and explain what it all means for your money.

Nicola Sturgeon talked a big game while she was running Scotland, but achieved very little, as Merryn points out. Will her successor learn from her mistakes?