Updates: Boris Johnson is in full campaign to sell the new Brexit deal to MPs ahead of a Commons vote on Saturday, but every opposition party and even DUP announced plans to vote against his deal.
Some EU leaders, like Angela Merkel announced Thursday their support for extending Brexit beyond 31 October if the new deal is rejected by the Commons, while others like the Irish PM, clearly stated that plab B is NO deal.
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The sterling gained value all week under prospects of a new Brexit deal and fell quickly on Thursday afternoon when it soon dawned on investors that there was no guarantee of the U.K. Parliament backing the agreement.
Reminder: EU and UK reached a draft deal on Thursday, pushing the next crucial decision to the UK Parliament.
Last week, a Downing Street source said the German chancellor made clear in the telephone conversation that a deal was “overwhelmingly unlikely” unless Northern Ireland was kept in the EU customs territory.
The exact content of the conversation was not confirmed by the British or the German counterparts but there is general opinion that a Brexit deal will not be reached in time.
Pound Sterling has suffered a sharp loss of value against Euro and USD amidst reports that talks between the EU and UK have effectively been killed off by Germany's Angela Merkel.
The President of the European Council, Donald Tusk, twitted in reply :
“Boris Johnson what’s at stake is not winning some stupid blame game. At stake is the future of Europe and the UK as well as the security and interests of our people. You don’t want a deal, you don’t want an extension, you don’t want to revoke, quo vadis?” stated Donald Tusk.
Earlier on Monday, the news outlets published a memo showing that Downing Street is preparing for Brexit talks to collapse this week, as a Number 10 source revealed the party intends to fight the next election on a no-deal platform.
The memo widely believed to be a text message sent by Dominic Cummings, Boris Johnson's chief advisor, shows that Downing Street warns negotiations will "probably end this week" and that if the deal dies "it won't be revived".
The EU will decide at the end of the week whether a Brexit deal is going to be possible, French President Emmanuel Macron has told Boris Johnson.
President Macron said talks should now proceed swiftly to see if an agreement could "respect" EU principles.
On the other hand the official position from NO 10 is that
“The PM believes that we have set out a fair and sensible compromise, and we are now looking to the EU to match the compromises that the UK has made.” stated the UK Gov. spoke person.
Also Boris Johnson blamed the legislation passed by the opposition MPs in the Commons stating that it will force him to "surrender" to the European Union in the Brexit negotiations.
Earlier, in September, European Commission President Jean-Claude Juncker has warned that if the UK leaves without a deal, Britain will be entirely to blame. The EU chief said that he had been working tirelessly with the EU’s chief Brexit negotiator Michel Barnier to secure a deal, but Boris Johnson has so far failed to present a workable alternative to Theresa May’s Withdrawal Deal.
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