UK signals scrapping EU rules is red line for trade deal


It’s a red line for the EU too

Comments from UK Brexit negotiator Frost:

  • We want a Canada-type deal with EU
  • IF EU doubts persist on FTA we are ready to trade on Australia’s terms
  • We are going to have a huge advantage over EU in ability to set rules and regulations quickly
  • We are not frightened by suggestions there will be trade frictions and barriers
  • We are not ready to compromise on fundamental parts of our negotiating position
  • Sticking to EU’s rules misses the point of Brexit

The pound is just above 1.3000. Trading is thin so beware of stops.


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