There is no precedent for the avalanche of new trade barriers that is coming after 1 January.

UK markets close for Christmas in upbeat mood, hours before the Brexit trade deal is announced.

The former trade secretary said extending the transition period would have created more uncertainty.

European exporters tell the BBC of their concerns about trade after the UK's exit.

The island's parliament announces it will meet on 27 December to decide if it will participate.

Businesses give a relieved welcome to the Brexit trade deal, but warn there is more work to be done.

The UK-EU trade deal will also provide tariff free access to France for fishing, the States say.

A look back at the UK's negotiations to leave the European Union - from vote to deal.

The EU and UK have reached a post-Brexit trade deal, ending months of disagreements over fisheries and business rules.

Grimsby Fish Market boss, Martyn Boyers, reacts to a Brexit deal having been reached. Fishing rights were one of the last points to be negotiated with the EU.

(Image: Haddock for sale at Grimsby Fish Market. Credit: Bethany Clarke/ Getty Images)

The first minister says the post-Brexit agreement is better than no deal but is difficult for Wales.

A deal helps mitigate some problems posed by the Irish Sea border but change is still on the way.

The EU and UK have reached a post-Brexit trade deal, ending months of disagreements over the future relationship.

It may solve some problems created by the new Irish Sea border but not them all.

The President of the European Commission announces the end of negotiations between the UK and EU.

The UK-EU trade agreement will be followed by claim and counter-claim over who gave most ground.

It may have reached its final stage but UK voters are as divided as ever, says Sir John Curtice.

Marc Ashdown

Image source, PA Media

After marathon talks, and a lot of pizza, a future trading relationship has now been agreed. Well, the bones of it anyway.

Whatever your views on Brexit, it's pretty much agreed by all that a tariff and quota free agreement will make UK/EU trade far less fractious going forwards.

So what does this mean for London?

Well firstly for people. The million or so EU nationals living, working, studying in the capital now have a bit more clarity. A new immigration policy is still being finalised and they need to apply for settled status.

And life will change too for Londoners living in one of the 27 EU member states.

And it’ll affect us all when we go on holiday.

Businesses of all sizes have been crying out for certainty so they can plan ahead. There’s frustration this has taken so long, and for businesses of all sizes it’ll mean more friction, customs checks, paperwork to comply with.

But it’s better than having whopping great tariffs slapped on their imports and exports.

And finally for The City - the financial powerhouse of the UK.

So much economic growth depends on The City keeping its edge as the key player on the global stage. Again there’s a lot to be worked through on financial services but the pound surging today tells you all you need to know.

Be under no illusions there’s a lot to go through - 2,000 pages of text to be ratified by both sides.

Political twists no doubt as the devil in the detail emerges. But this is a huge step in the UK forging a new path outside the EU.

Officials on both sides are hammering out the final details ahead of an expected announcement.

Image source, Getty Images

A leading German liberal MP, Alexander Graf Lambsdorff, is upbeat on the type of deal emerging, saying the key thing is to avoid numerous tariffs and quotas.

Some 30,000 German firms trade with the UK, he noted, and “some have really had beads of sweat on their brows”.

He told Deutschlandfunk radio that “it would be a good thing” if the negotiators really had agreed to keep EU-UK trade free of tariffs and quotas.

He also said “it appears European fishing crews have succeeded in retaining at least 75% of their current catch over the next five years, and of course that’s far more than the French, Spanish, Portuguese, Dutch and Belgians could have expected”.

He is foreign affairs spokesman for the Free Democrats (FDP) and a former Euro MP.