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18 October, 2019 00:00 00 AM
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Pound sinks as key ally rejects Johnson Brexit plan

AFP, Hong Kong

Sterling tumbled yesterday after Prime Minister Boris Johnson’s key ally in parliament said it “could not support” his plans for a Brexit deal, throwing a spanner in the works just as Britain and the European Union were closing in on an agreement. After years of wrangling, the two sides said Wednesday they were edging towards the basis for a treaty allowing Britain to avoid no-deal exit, which many observers warned could be economically catastrophic.

With both teams working through the night, EU negotiator Michel Barnier said there had been “good progress, and work is ongoing”, while France’s deputy foreign minister said Thursday a deal was “within reach but is not guaranteed”. There had been optimism that a deal was in the offing, just two weeks before Britain is due to leave the bloc, as they worked towards a solution on the vexed question of British-ruled Northern Ireland. But Northern Ireland’s Democratic Unionist Party (DUP) dropped a bombshell hours before the start of a crunch EU summit Thursday, saying it cannot support the plan.

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Editor : M. Shamsur Rahman

Published by the Editor on behalf of Independent Publications Limited at Media Printers, 446/H, Tejgaon I/A, Dhaka-1215.
Editorial, News & Commercial Offices : Beximco Media Complex, 149-150 Tejgaon I/A, Dhaka-1208, Bangladesh. GPO Box No. 934, Dhaka-1000.

Editor : M. Shamsur Rahman
Published by the Editor on behalf of Independent Publications Limited at Media Printers, 446/H, Tejgaon I/A, Dhaka-1215.
Editorial, News & Commercial Offices : Beximco Media Complex, 149-150 Tejgaon I/A, Dhaka-1208, Bangladesh. GPO Box No. 934, Dhaka-1000.

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