UK Foreign Minister Liz Truss, who is now in charge of Brexit negotiations after the resignation of former Brexit Minister Lord David Frost over the weekend, said on Tuesday that the UK's position on the implementation of the Northern Ireland Protocol (NIP) remains unchanged. We must end the role of the European Court of Justice as a final arbiter in the arrangement, she said, adding that if this does not happen, the UK remains prepared to trigger Article 16. 

Truss reiterated the UK stance that the preference is for an agreed solution to be reached. We must pick up the pace of talks in the new year, she added. 

Market Reaction

GBP has not seen any reaction to the latest remarks from Truss.