DUP’s Foster: UK Govt and DUP have formed a coordination committee

Dhwani Mehta FXStreet

Arlene Foster, the leader of the Democratic Unionist Party (DUP), is out on the wires now, via Reuters, making a statement, following the announcement that the UK PM May strikes a deal with the DUP to form a minority government.

May agreed to a controversial GBP 1bn extra for Northern Ireland in exchange for DUP's support.

Key Headlines:

DUP welcomes the additional GBP 1bln for Northern Ireland

Monies paid over next 2 years

Will be no change to pensions triple lock

UK Govt will publish new financial support for Northern Ireland

UK Govt and DUP have formed a coordination committee

Will continue discussions on power sharing

Both agreed to meet NATO spending target

Guiding principle is acting in national interest

Agrees to support Govt on Brexit legislation, all motions of confidence, budget and legislative programme

Author

Dhwani Mehta

FXStreet

Residing in Mumbai (India), Dhwani is a Senior Analyst and Manager of the Asian session at FXStreet. She has over 10 years of experience in analyzing and covering the global financial markets, with specialization in Forex and commodities markets.

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