April 22, 2018

No Brexit deal today - GBP/USD crashes to support

06 December 2017, 03:58 | Taylor George

No Brexit deal today - GBP/USD crashes to support

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DUP leader Arlene Foster spoke out after Ireland's deputy premier Simon Coveney said the Dublin Government's concerns over the post-Brexit border with Northern Ireland were set to be addressed fully.

But it will be talks in this week that could have far-reaching implications, not just for May, but the nation as well.

Authentic sources claim that once the country makes its exit from the European Union, it would be hard to avail the services of a highly skilled workforce.

The EU says Britain must make sufficient progress on key divorce issues-Ireland, Britain's financial bill for leaving the bloc, and the rights of EU nationals in Britain-to allow the opening of trade and transition talks at a summit on December 15.

The so-called "divorce bill" - the money May's government must pay into the European Union budget as part of its current membership obligations - has reportedly been resolved. He is still optimistic about getting an agreement before the EU Summit on December 14-15th. It slipped further after Scotland's leader Nicola Sturgeon said the failure by Prime Minister Theresa May to secure a Brexit deal on Monday could signal the moment for opponents to push to keep Britain in the single market and customs union. The ABPI also claims that almost forty-five million of drug packages are exported from the United Kingdom to the European Union each month and approximately thirty-seven million of medicines are imported into the country from the EU.

Ireland has said it is not looking to delay the Brexit process but wants written assurances in the form of a specific and detailed border plan.

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"Let's not run before we can walk here. But it is possible to do that today", Coveney told Irish state broadcaster RTE.

But any solution will need the support of Northern Ireland's pro-Brexit Democratic Unionist Party, whose 10 members of parliament are propping up May's government.

The timings of Mrs May's visit mark a deadline set by Donald Tusk, the president of the European Council, for her to come forward with an improved offer on the terms of the UK's withdrawal from the EU.

Pablo Guimon of Spain's centre-left El Pais sees Mrs May "fighting to save the Brexit deal at home", and predicts she could face a "revolt by Brexiteers in the Conservative Party and the government itself".

"It must be contingent on an end to the authority of the European Court of Justice".

While May has promised to end the ECJ's authority in the United Kingdom, she has alluded that its remit might continue in some capacity during an "implementation period" past March 2019. Not only is there no sign of negotiating success in Brussels, her fragile agreement with the DUP is creaking, and anger is spreading through the backbenches like the plague.

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