The Scottish fishing industry is counting the "crippling" costs of new bureaucratic requirements to export their catch to the EU, prompting industry leaders to warn that without immediate government support there could be "permanent casualties".
What next for London, the world s second-largest financial center?
The UK-EU trade deal has done little to bolster Britain s financial services sector, a major contributor to its economy. DW breaks down what must happen after Brexit to stop the City of London from faltering.
The UK s financial hub has seen an exodus of workers and capital since the 2016 Brexit vote
The new UK-EU trade deal came into effect on Friday, giving Britain unprecedented market access to one of the world s largest trading blocs despite its messy divorce from Brussels.
The long-awaited agreement, sealed just before Christmas and approved by the UK Parliament on Wednesday by 521 to 73 votes, smooths the way for both sides to trade with zero tariffs and zero quotas. It is likely to be approved by the European Parliament in the new year.
Dec 29, 2020 17:37 GMTFXStreet News
EUR/GBP continues to trade sideways either side of the 0.9080 mark as trade quietens down into the year-end.
Brexit, international trade and investment deals, Covid-19 lockdowns and vaccine rollouts all likely to drive the pair in 2021.
EUR/GBP has gone sideways or has at the very least been caught between relatively thin 0.9060-0.9090 parameters, for most of the last 24 hours.
Trade has been choppy elsewhere in FX markets (USD, in particular, has seen some pretty decent swings in sentiment), but with Brexit out of the way and many European participants still away for Christmas and New Year holidays, trade in the EUR/GBP pair appears to have died right down.