The EU and the UK are reportedly closing on a draft Brexit deal. The draft heavily depends on the support of the Democratic Unionist Party (DUP) for the accord.
Bloomberg is reporting from sources “with knowledge of the talks.” An official announcement is still awaited.
The UK and the EU seem close to a deal that includes an open border on the island of Ireland and a customs border in the Irish Sea. Some dub the accord as “Theresa May’s deal with lipstick” – implying significant concessions from UK Prime Minister Boris Johnson. The Northern Irish Democratic Unionist Party (DUP) has concerns while hardline Brexiteers seem to be on board. Talks in Brussels continue with Chief EU Negotiator Michel Barnier to brief diplomats on progress around 12:00 GMT. Late in the day, the PM will brief his Conservative Party. The aim is to declare a deal in the EU Summit on Thursday. GBP/USD has dropped from the highs near 1.28. More: Brexit: Five outcomes and GBP/USD reactions as a deal may become real.
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