The European Union and Britain negotiators were in a final effort on Monday to bridge the disparity gap that led to the signing of a post-Brexit trade agreement. Both parties have 48 hours to complete everything to avoid any issues.
According to EU diplomats, EU-UK negotiations have entered a final phase and negotiations are nearing completion. It is now up to the UK to decide whether to make a deal or not.
Concerns over the Brexit trade deal without an agreement after 31 December have prompted Prime Minister Boris Johnson and European Commission President Ursula von der Leyen to review the current situation.
Irish Prime Minister Micheal Martin thinks Ireland will be the most affected country if there is no trade agreement. EU chief negotiator Michel Barnier told the European parliament in a separate briefing that trade talks could last until Wednesday.
In London, conservative parties expressed the view that France should make fishing concessions and the EU should forget about their new demands.
Failure to reach an agreement will disrupt the supply chain, impacting the financial and economic markets with the escalating Covid-19 pandemic.
The sterling currency fell more than 1% to a six-week low against the euro and the US dollar on Monday.
