France Says It Now Sees No-Deal Brexit as the Likeliest Scenario
The French government expects the U.K. to leave the European Union without a withdrawal agreement, an official in President Emmanuel Macron’s office said, meaning the immediate imposition of border controls after Brexit at the end of October.
A so-called no-deal Brexit is now the central scenario for France, the official said. The comments come after British Prime Minister Boris Johnson sent a letter to EU officials demanding the removal of the controversial Irish border backstop from the deal, something the bloc has repeatedly refused to do.
Sterling slipped to the day’s low, touching $1.2112. It reached $1.2015 on Aug. 12, the weakest level since January 2017.
Since Johnson took office last month, EU officials have considered a no-deal Brexit the most likely outcome, though they still hope an agreement can be reached before Britain’s scheduled exit date of Oct. 31.
But that would require the new prime minister who has struck a hard-line position to back down over the backstop -- the mechanism designed to keep the Irish border free of checks agreed with Brussels by his predecessor, Theresa May.
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