The European Union (EU) Economic Commissioner Paolo Gentiloni said on Thursday, the EU is ready to seal in a trade deal with post-Brexit UK should London ensure a level playing field, as reported by Reuters.
If the United Kingdom “wants to have good relations with the single market, we are ready.”
“If there is availability from the UK government, I think we will have a deal.”
“We can’t have zero tariffs and dumping together. We need a level playing field.”
The pound shows little reaction to the above comments, as GBP/USD continues to consolidate the recent advance above the 1.31 handle. Markets cheer the overnight news that the Brexit bill cleared final parliamentary hurdle ahead of January 31 deadline.