DUP’s Wilson: It is nonsense to say that the party is softening stance on backstop

Dhwani Mehta FXStreet

Northern Ireland’s Democratic Unionist Party (DUP) Brexit spokesman Sammy Wilson recently crossed the wires, noting that it is nonsense to say that the party is softening stance on backstop.

Key Comments:

Party won't accept 'backstop by any other name'.

Would only accept arrangements where Northern Ireland assembly has 'total scrutiny' of eu legislation.

Under such a system, we would consider adopting appropriate legislation if believe to advantage of Northern Ireland industry.

On Thursday, the DUP leader Foster said that the party will not support a Brexit deal that “divides the internal market of the UK”.

GBP/USD tests daily highs near 1.2370 region, lifted by broad-based US dollar selling, despite looming Brexit uncertainty.

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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