According to the latest headlines floating on the wires, a DUP source reportedly told the Financial Times that they can’t back May’s deal after reading Cox’s legal advice.
According to the UK Attorney General Geoffrey Cox, the UK PM Theresa May’s amended last-minute deal with the EU would grant no legally guaranteed right to exit the Irish Backstop in the event of a deal deadlock.
The British Pound seemed rather unaffected by the latest comments, with the GBP/USD pair now trying to stabilize around mid-1.3000s after witnessing a sharp intraday fall of around 280-pips.
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