Brexit: Reports EU and UK close to trade deal

Fishing rights and competition rules are the two main sticking points but concessions have been reported on both sides over the last 48 hours.

Britain's chief negotiator David Frost arrives at the UK Mission to the EU in Brussels. Picture: AP Photo/Virginia Mayo

There is ongoing speculation that the EU and UK are close to a Brexit trade deal ahead of the December 31 deadline.

Earlier this evening, some reports suggested a deal had been done but an EU Commission source told Reuters news agency that the talks are still underway.