Michel Barnier: EU will offer UK unprecedented deal

The EU is prepared to offer a post-Brexit deal with the U.K. that is unlike anything it has struck with any country outside the bloc, chief negotiator Michel Barnier said Wednesday, leading to a 0.8 percent jump in the value of sterling against the dollar.

“We are prepared to offer Britain a partnership such as there never has been with any other third country,” Barnier told reporters in Berlin, following a meeting with German Foreign Minister Heiko Maas, Reuters reported.

“We respect Britain’s red lines scrupulously. In return, they must respect what we are,” he said. “Single market means single market … There is no single market à la carte.”

Read this next: 80 percent of EU citizens want to scrap daylight savings: report