British Prime Minister Theresa May has made a preliminary deal with the European Union, which will give British financial companies access to European markets after Brexit.

British and European negotiators have reached a preliminary agreement on all aspects of the future partnership in the service sector, as well as data exchange, The Times reports, citing government sources.

The services transaction will provide British companies with access to European markets.

The British pound jumped 0.5% against the dollar after the announcement.

According to the Times report, the EU will agree that the UK has “equivalent” rules for Brussels, and British financial services companies will be allowed to operate in Europe, as they are now.