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EXPLAINER-How will the EU-British trade deal change ties?

British and EU negotiators clinched a wide-ranging free trade deal on Christmas Eve, meaning commerce between the trading bloc of 450 million consumers and the sixth-biggest global economy will keep on flowing without tariffs or quotas from Jan. 1. Britain has hailed the agreement as a clean break with the European Union that will allow London to set its own agenda, while the bloc has also welcomed a good deal that will let the 27 member states move on. But much will be different once Britain completes its journey out of the EU, its single market and customs union, at the end of this year. There are also areas left unfinished that will require more negotiation.

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