Pound sinks as key ally rejects British PM Boris Johnson's Brexit plan

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LONDON/HONG KONG (AFP/REUTERS) - Sterling tumbled Thursday (Oct 17) after British Prime Minister Boris Johnson's key ally in Parliament - Northern Ireland's Democratic Unionist Party (DUP) - said it 'could not support' his plans for a Brexit deal, throwing a spanner in the works just as Britain and the European Union were closing in on an agreement.. Read more at straitstimes.com.

LONDON/HONG KONG - Sterling tumbled Thursday after British Prime Minister Boris Johnson's key ally in Parliament - Northern Ireland's Democratic Unionist Party - said it"could not support" his plans for a Brexit deal, throwing a spanner in the works just as Britain and the European Union were closing in on an agreement.

Juncker, the head of the EU's executive arm,"just spoke to Boris Johnson. Every hour and minute counts" before the summit, EU spokeswoman Mina Andreeva said in a tweet. "As things stand, we could not support what is being suggested on customs and consent issues, and there is a lack of clarity" on Value Added Tax, the DUP, which props up Johnson's government, said in a statement on Twitter.

"As we are negotiating this arrangement in Brussels as we speak, at the same time we are continuing to take forward at pace preparations to leave without a deal if necessary on the 31st of October," Jenrick told BBC radio . "There has been movement in recent days, significant movement ... so we are on a better path than before but, today I must say very clearly, we have not reached the goal yet," Merkel told Germany's Bundestag Lower House of Parliament.

 

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