Sterling is knocked down heavily after the Times reported that Prime Minister Theresa May will reject EU negotiator Michel Barnier’s “improved” proposal regarding Irish border. That would happen at the EU summit in Salzburg today.
Earlier, the Guardian reported that May hit back at Barnier’s criticism on her Cheques Plan. May wrote in Die Welt that “there have been arguments made against our proposals that have been at odds with the reality of trade negotiations elsewhere and indeed the current trading relationship between EU member states”.
And she emphasized “neither side can demand the unacceptable of the other, such as an external customs border between different parts of the United Kingdom – which no other country would accept if they were in the same situation – or the UK seeking the rights of EU membership without the obligations.”
