This week’s agreement regarding the Northern Ireland Protocol is a crucial development in the EU and UK trade relationship.

The introduction of a green and red lane system for goods traveling from Great Britain to Northern Ireland will ease the burden of checks and paperwork. The removal of existing requirements on trade from Northern Ireland to Great Britain is a huge weight off many businesses’ shoulders.

According to Stephen Bottomley, Privalgo Corporate Partnerships division, “This progress in UK-EU trade relations is a major development for businesses on both sides of the border.”

“An amicable conclusion to talks is expected to be a boost for sterling, and we may see it move back to levels not seen for many months.”