Mon, Apr 06, 2026 06:19 GMT
More
    HomeLive CommentsUK Cox given up Irish backstop time limit or unilateral exit

    UK Cox given up Irish backstop time limit or unilateral exit

    The Telegraph reported that UK Attorney General Geoffrey Cox has given up the request on a time-limit on the Irish backstop or unilateral exit mechanism. Cox wanted to push for an independent arbitration mechanism which both UK and EU could give formal notice to end the backstop. But such independent arbitration would be outside the jurisdiction of the European Court of Justice. That is seen as totally unacceptable by the EU.

    Separately, Trade Minister Liam Fox said he would be “shocked” if EU would insist on a delay of 21 months or two years extension of Article 50, if requested. He said “the European Union does not want Britain to fight the European elections.” Fox added it’s still “entirely possible” for leave EU on March 29. But a short extension to Article 50 may be needed to deliver a smoother exit.

    ActionForex
    ActionForex
    ActionForex.com was set up back in 2004 with the aim to provide insightful analysis to forex traders, serving the trading community for two decades. We started providing only a daily and a mid-day report, now known as Action Insights. Gradually, we added a lot more in-house contents to the site. Technical Outlook section was expanded to cover more pairs. In addition to that, Top Movers, Heat Map, Pivot Point Charts and Pivot Meters, Action Bias and Volatility Charts, are tools used by traders from all over the world.

    Latest Analysis

    Learn Forex Trading