Brexit is essentially a dispute between countries that are currently within the EU. Trade with the rest of the world need not be impacted one way or the other, except perhaps by Sterling depreciation, and perhaps some depreciation of the Euro relative to the $. EU27 trade with the UK could be effected very greatly indeed, depending on the precise shape Brexit eventually takes, but trading with the ROW will be governed largely by the same WTO rules and FTAs as now.

Index of Frank's Diaries