Reuters reports that Goldman Sachs that Britain and the European Union were likely to do a post-Brexit trade deal by early November though the risk of a breakdown in negotiations could not be ruled out.

"Our core view remains that a "thin" zero-tariff/zero-quota trade agreement will likely be struck by early November, and subsequently ratified by the end of December. The risk of a breakdown in negotiations cannot be ruled out," Goldman analysts said a note to clients.