Sterling dipped briefly today after Jeffrey Donaldson, a Democratic Unionist Party lawmaker, tweeted that “Looks like we’re heading for no deal” Brexit. He warned that “such an outcome will have serious consequences for economy of Irish Republic”. And, “in addition, UK won’t have to pay a penny more to EU, which means big increase for Dublin.”
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Donaldson referred to Irish Foreign Minister Simon Coveney’s tweet on Sunday that “the Irish position remains consistent and v clear that a “time-limited backstop” or a backstop that could be ended by UK unilaterally would never be agreed to by IRE or EU.”
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