EU Commission president says Brexit deal possible

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Jean-Claude Juncker adds he didn't know if the chances of a deal were more than 50-50. FMTNews

LONDON: A Brexit deal is possible, European Commission President Jean-Claude Juncker said on Thursday, adding that if the Irish border backstop which the British government wants removed could be replaced with alternatives, it would not be needed.

The contentious backstop – an insurance policy to keep the sensitive Irish border open and free of border controls under any circumstances after Brexit – has so far proven to be the main stumbling block in the tortuous Brexit talks. “As far as the so-called alternative arrangements are concerned, allowing us and Britain to achieve the main objectives of the backstop … if the results are there, I don’t care about the instrument,” he said.Sterling hit a two-month high versus the dollar on Juncker’s comments, rising to US$1.2546, its highest since July 19.

 

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