Sterling was weighed down on Wednesday by fears that Prime Minister Boris Johnso...
LONDON - Sterling was weighed down on Wednesday by fears that Prime Minister Boris Johnson’s proposal to replace the Irish border “backstop” will not lead to a Brexit separation agreement with the European Union.
A media report in the Telegraph newspaper on Tuesday said Johnson was planning to propose leaving Northern Ireland in large parts of the EU single market until at least 2025, but take the province out of the EU customs union along with the rest of the United Kingdom. Investors shared his scepticism, keeping the pound down 0.3% at $1.2276. Against the euro, sterling was also lower by 0.1% at 88.95 pence.
Australia Latest News, Australia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Final proposal - PM Johnson to unveil Brexit offer to EUPrime Minister Boris Johnson will on Wednesday unveil his final Brexit offer to ...
Read more »
Final proposal: UK PM Johnson to unveil Brexit offer to EUPrime Minister Boris Johnson will on Wednesday unveil his final Brexit offer to ...
Read more »
Never mind the politics, get a Brexit deal done, says UK businessPrime Minister Boris Johnson needs to make his priority getting a Brexit deal to...
Read more »
UK to submit 'final offer' for Brexit dealBritish PM Johnson will present his final Brexit offer to the EU and make clear that if Brussels does not engage with the proposal, Britain will not negotiate further and will leave on October 31
Read more »
Sterling dips to three-week lows as Johnson's Brexit plans eyedThe British pound dipped to three-week lows against a broadly robust dollar on T...
Read more »
Brexit sterling bets pose no conflict for UK's Johnson: governmentBritain's government on Monday dismissed opposition suggestions that Prime ...
Read more »