After three years of crisis in London and tortuous negotiations with the EU, a crucial week of last-ditch talks could decide whether Brexit is orderly, acrimonious or delayed yet again. Johnson says he wants an exit deal with the EU to allow an orderly departure on Oct. “A deal is possible and it is possible this month, maybe even this week but we are not there yet,” Irish Foreign Minister Simon Coveney said. The pound was down 0.6% at $1.2568, the day’s low.
Ever since voters shocked the world by opting for Brexit in a 2016 referendum, Britain’s leaders have failed to find a divorce deal that is acceptable to parliament which is due to sit in an extraordinary session on Saturday. EU and British negotiators met over the weekend in attempt to reach a breakthrough. Johnson, who will set out his legislative agenda in the state opening of parliament on Monday, hopes he can deal strike a deal before the EU summit. But he must then face parliament on Saturday the first such sitting since the Falklands War in 1982.
In a bid to break the deadlock, Johnson met Irish Prime Minister Leo Varadkar last week. It is unclear what was agreed, but both said they saw a pathway to a deal.
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