Search ForexCrunch

“The government is concerned at the increasingly hostile tone of the UK government towards the Northern Ireland Protocol,” RTÉ News reports, citing a senior Irish source.

The source has also described as “irresponsible” the suggestion, as briefed by the British government, that the EU would have to deliver a solution to the issues surrounding the backstop by July 12.

This comes after the Taoiseach, Micheál Martin held a wide-ranging discussion on Northern Ireland and British-Irish issues with British Prime Minister Boris Johnson at Chequers on Friday.

Martin tweeted out: “We also reaffirmed both governments’ commitment to the Good Friday Agreement and its institutions.”

“The argument [at the meeting]was that Protocol doesn’t enjoy the support of one community in Northern Ireland, therefore it’s not protecting the Good Friday Agreement,” said one source.

Market reaction

GBP/USD remains on the back foot below 1.4100, divided between looming Brexit concerns and the UK reopening.

Meanwhile, a pause in the US dollar sell-off also keeps a check in the cable’s upside attempts.

Expert score

5

Etoro - Best For Beginner & Experts

  • 0% Commission and No stamp Duty
  • Regulated by US,UK & International Stock
  • Copy Successfull Traders
Your capital is at risk.

Notice: Undefined index: query in /var/www/site_files/wp-content/plugins/brand-managment/brand-managment.php on line 2082

Notice: Undefined index: source in /var/www/site_files/wp-content/plugins/brand-managment/brand-managment.php on line 2083