BREXIT Negotiator Says, “Deal Possible by November”
The European Union’s chief BREXIT negotiator says a divorce agreement with Britain by early November is “possible,” and that has triggered a big rally in the Great British Pound.
At a conference in the Alpine lake resort of Bled in northwestern Slovenia, Michel Barnier said a BREXIT deal was “not far” and that some 80% of the withdrawal agreement had been agreed.
However, he did acknowledge that tough issues remain not least the border between EU member Ireland and Northern Ireland. That’s been 1 of the thorniest issues in the BREXIT negotiations.
Mr. Barnier refused to comment on the divisions in the governing British Conservative Party over BREXIT: “This debate is very intense but I do not want to be involved.”
Britain is due to leave the EU on 29 March 2019, an agreement will have to be reached months before hand in order to get the necessary ratifications though such places as the British Parliament and the European Parliament.
The Great British Pound firmed on Mr. Barnier’s comments, trading 0.9% higher at $1.3030 Vs the USD.
GBP/USD: +0.91% to 1.3033: the Great British Pound jumped amid press reports that a BREXIT deal could possibly be struck within the next 8 weeks
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