by SignalFactory · October 16, 2019 | 06:12:04 UTC
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.
is reporting from sources “with knowledge of the talks.” An official
announcement is still awaited.
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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