Bank of England governor urges UK to rebuild EU trade ties as key summit looms

The Bank of England’s Andrew Bailey told the BBC that the UK’s dealmaking was setting an important example to other countries. Photograph: Carlos Jasso/PA

The governor of the Bank of England has said that the UK now needs to do everything it can to rebuild its long-term trade relationship with the EU, after a breakthrough agreement with the US to reduce some of Donald Trump’s tariffs.

Andrew Bailey said that, while he would not pass judgment on the UK’s exit from the EU in early 2020, reversing the trade impact of Brexit would be “beneficial”.