GBP Surges Higher On Hopes Of Irish Backstop Solution

Reports surfaced yesterday suggesting that May’s team have found a potential solution to the Irish Backstop issue which could see current adversaries backing her deal.

According to UK journalists, leading Brexiteers Jacob Rees-Mogg and Steve Baker have been briefed on the “technological solution.” They have suggested that they would back such a proposal, saying “these arrangements could work.”

May Returns To Brussels

May has now returned to Brussels for further Brexit talks with EU leaders, hoping to secure the “legally binding changes” that parliament voted in favour of just a few weeks ago.

However, European Commission President Jean-Claude Juncker has reaffirmed his message that he doesn’t expect a “breakthrough” in talks, saying:

“There isn’t enough movement for me to be able to expect this to be a discussion with a concrete outcome… I don’t know what Mrs. May will communicate to me tomorrow.”

However, if May can persuade the EU to concede some ground over this new proposal, she could return to parliament with a deal that is acceptable to the majority of MPs. This would finally allow her to secure a full Brexit deal for the UK.

May Considering Bringing Parliamentary Vote Forward

May is reportedly considering bringing the final parliamentary vote forward. This is in a bid to out-maneuver Conservative Remainers who are threatening to join the Independent Group formed this week by a group of seven breakaway labor MPs.

British foreign secretary Jeremy Hunt told reporters:

“The message is really to everyone that it is possible to find a way through this. Of course, it’s challenging, there are difficulties, but there is a solution. We can get this deal through Parliament if we can have a deal where the Attorney General can change his advice on the backstop. That’s going to be key to unlocking it. Our commitment to the Northern Ireland peace process is unconditional, but with vision and statesmanship on all sides this can be done.”

1 2
View single page >> |

Disclaimer: Orbex LIMITED is a fully licensed and Regulated Cyprus Investment Firm (CIF) governed and supervised by the Cyprus Securities and Exchange Commission (CySEC) (License Number 124/10). ...

more
How did you like this article? Let us know so we can better customize your reading experience. Users' ratings are only visible to themselves.

Comments

Leave a comment to automatically be entered into our contest to win a free Echo Show.