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Ireland’s Varadkar: Instrument agreed does not reopen deal or undermine backstop

Irish prime minister, Leo Varadkar, comments

  • Outcome of agreement is positive, hopes it will be endorsed by UK parliament
  • Documents complement withdrawal agreement, declaration
  • Further text should eliminate fears
  • Withdrawal agreement is a fair compromise for all sides

ForexLive

I think that’s very much where the worry stems from in my view. Whatever that is agreed in the May-Juncker meeting basically just adds to the withdrawal agreement, it doesn’t change the core of what was agreed upon beforehand.

The pound is still holding steady though with cable at 1.3230 currently and EUR/GBP sitting lower at 0.8520, off the lows a little as the euro is also holding firm on the day.

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