UK and Ireland see 'pathway to a possible deal'

10 October 2019

(Sharecast News) - The UK and Ireland said on Thursday that a Brexit deal could be within reach.
In a joint statement following a meeting at Thornton House, in northwest England, the Prime Ministers of the two countries said they "see a pathway to a possible deal" following "constructive" talks.

Sterling shot higher in an immediate reaction to trade 0.26% higher as of 1604 BST at 1.1153 after having hit an intraday low of 1.1087 earlier during the session.

Discussions centred on the "challenges of customs and consent" and a deal was in everybody's interest, the two Prime Ministers said.

It was agreed that Irish Taoiseach, Leo Varadkar, would consult with the European Union's negotiating team the next day, with Brexit Secretary, Stephen Barclay set to do the same with the EU's lead negotiator, Michel Barnier.