Market news
26.02.2023, 22:38

UK PM Sunak may have obtained significant concessions in a looming Brexit deal – The Times

“UK Prime Minister Rishi Sunak has launched a private charm offensive to win around influential Conservative Brexiteers to his compromise Northern Ireland Brexit deal,” said The Times on Sunday.

“Sunak may have obtained significant concessions in a looming Brexit deal,” the news adds.

Also read: UK’s Raab: UK on cusp of new Brexit deal with EU over Northern Ireland

The news arrives ahead of the UK Sunak and European Commission President Ursula von der Leyen’s announcement of a new Brexit deal for Northern Ireland on Monday if the two can agree final details during lunchtime talks in Britain.

"The Prime Minister wants to ensure any deal fixes the practical problems on the ground, ensures trade flows freely within the whole of the UK, safeguards Northern Ireland’s place in our Union and returns sovereignty to the people of Northern Ireland," a statement from Sunak's office said per Reuters.

Key quotes

The prime minister has spent the past few days in one-to-one meetings with senior Brexiteer backbenchers taking them through the outline of the deal that he will announce today and trying to assuage their concerns.

Yesterday senior cabinet ministers were enlisted to ring around other members of the Tory parliamentary party to brief them on the key elements of the agreement before the formal announcement today.

GBP/USD tries to pushback bears

GBP/USD struggles to overcome the bearish bias as it picks up bids to 1.1950 by the press time.

Also read: GBP/USD Weekly Forecast: Pound Sterling bears eye a sustained move below 1.2000

 

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