Sterling tumbled to a 28-month low on Monday as Prime Minister Boris Johnson sai...
FASLANE, Scotland - Sterling tumbled to a 28-month low on Monday as Prime Minister Boris Johnson said the Brexit divorce was dead and warned that unless the European Union renegotiated, Britain would leave on Oct. 31 without a deal.
Johnson’s bet is that the threat of a disruptive no-deal Brexit will persuade the EU’s biggest powers - Germany and France - to agree to revise the Withdrawal Agreement that Theresa May agreed but failed three times to push through the British parliament. The 27 other EU members, though, say publicly and privately that the divorce settlement - including the backstop - is not up for barter. Many EU diplomats say they believe an election in Britain is highly likely.
The question of the unification of Ireland and British-ruled Northern Ireland will inevitably arise if Britain leaves the European Union without a divorce deal on Oct. 31, Irish Prime Minister Leo Varadkar said.
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