Embassy of the United Kingdom, Reykjavík first British Embassy was Höfði (best known as the location for the 1986 Reykjavík Summit meeting of Ronald Reagan and Mikhail Gorbachev). In the 1950s the Embassy was moved to its current location on Laufásvegur street. In 1968, the British Government bought Laufásvegur 31 and the old farmhouse which was there was donated to the Reykjavik Museum and moved to the heritage site at Árbæjarsafn. When the Embassy was redeveloped in the 1990s, it was decided that the location was too large for Britain's needs and so it looked for another partner to share it with. At the same time
Presidency of Ronald Reagan Regan with Howard Baker. The investigations into the Iran–Contra scandal continued after Reagan left office, but were effectively halted when President George H. W. Bush pardoned Secretary of Defense Caspar Weinberger before his trial began. Investigators did not find conclusive proof that Reagan had known about the aid provided to the Contras, but Walsh's report noted that Reagan had "created the conditions which made possible the crimes committed by others" and had "knowingly participated or acquiesced in covering up the scandal." Three different Soviet leaders died between 1982 and 1985, leaving the Soviets with an unstable leadership until Mikhail Gorbachev