On Monday the UK reached agreement with Iceland and Norway to allow trade to continue unchanged if it leaves the European Union without a deal

Liam Fox (UK Trade Sec) with the announcement.

  • "We have just reached agreement with Iceland and Norway to ensure continued access for British businesses to the European Economic Area should we leave the EU without a deal.
  • This is one of the largest trade agreements we are party to as a result of our membership of the EU."

The UK is seeking to deals with 40 countries on this basis.

---

Much of my time is spent on Brexit headlines and subsequent trading opportunities in GBP. This is ForexLive after all. Behind all this though is the impact on real businesses in the UK, each one of them employing people. There are many livelihoods at risk in the political shambles. Kudos to Fox for seeking to preserve trading relationships for business.