The European Union and the United Kingdom have agreed on a “trusted trade scheme” that would allow 98% of goods flowing between Great Britain and Northern Ireland to be exempt from tariffs, RTE Europe Editor Tonny Connelly reported. “The other 2% would potentially avail of rebates from any tariffs,” Connelly further tweeted out on Wednesday. “Tariffs would mostly only apply if no free trade agreement is concluded between the EU and the UK.” Market reaction The British pound preserves its strength against its rivals after this headline. As of writing, the GBP/USD pair was up 0.77% on the day at 1.3455. FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street FXStreet News share Read Next Gold Price Analysis: XAU/USD technical lines well defined amid stimulus hopes – Confluence Detector FX Street 2 years The European Union and the United Kingdom have agreed on a "trusted trade scheme" that would allow 98% of goods flowing between Great Britain and Northern Ireland to be exempt from tariffs, RTE Europe Editor Tonny Connelly reported. "The other 2% would potentially avail of rebates from any tariffs," Connelly further tweeted out on Wednesday. "Tariffs would mostly only apply if no free trade agreement is concluded between the EU and the UK." Market reaction The British pound preserves its strength against its rivals after this headline. As of writing, the GBP/USD pair was up 0.77% on the day at 1.3455. Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.
