'No champagne yet' as investors, analysts greet Brexit deal with caution

Excitement among investors and traders fades as they assess parliamentary challenges

For a while, investors and analysts got a taste of what’s in store if they ever escape the long shadow of Brexit. Unfortunately, most of them think freedom is still a long way off. Assets across Europe briefly surged on Thursday as the markets embraced the news that a Brexit deal had been struck in Brussels. But as traders assessed the obstacles ahead, the giddy mood faded. 

The deal — struck just in time to present to EU leaders as they gather in Belgium’s capital — still needs the approval of the British Parliament. Northern Ireland’s Democratic Unionist Party (DUP),