According to the UK’s Brexit Party leader Nigel Farage, Brexit will be delayed again because lawmakers will reject PM Johnson’s attempt to do a last-minute deal with the European Union (EU), Reuters reports.
“At the Oct. 17-18 EU summit there will be some give from the European Union and Boris will bring it back to parliament before Oct. 31 and, I suspect, fail to get it through.”
“So we won’t leave on the 31st of October and then we are really into uncharted waters – whether parliament imposes a second referendum or we have a general election, I really don’t know.”
“I still don’t rule out the possibility of some kind of pact, some kind of deal, but I am not banking on it,” adding if Brexit was not delivered on Oct. 31 then his Brexit Party would see it’s poll ratings surge beyond 20 percent.”
Markets are selling-off the pound amid renewed Brexit anxiety, as PM Johnson is set to secure a Brexit deal with the EU Commission President Juncker. GBP/USD is down -0.50%, trading closer to daily lows of 1.2426.