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U.K. and E.U. agree to Brexit transition terms

Secretary of State for Exiting the European Union David Davis and the European Union's chief Brexit negotiator Michel Barnier held a joint press conference today. Photo: Dursun Aydemir / Anadolu Agency / Getty Images

Negotiators for the United Kingdom and European Union have reached a deal on key terms for the Brexit transition period, which will run from March 29, 2019, the official date of Brexit, through December 31, 2020, per The Guardian. The agreement saw the U.K. make some notable concessions on contentious issues.