Irish Foreign Minister: If there is a proposal that involves customs checks on island of Ireland, 'that in itself is bad faith'

  • Time limited backstop is not a backstop at all.
  •  We will judge UK proposal when we see it, but it will need to have same effect as backstop.
  • UK parliament will act to prevent a no-deal Brexit.

The Irish Foreign Minister is being reported saying that if there is a proposal that involves customs checks on the island of Ireland, 'that in itself is bad faith'. Indeed, the remark reflects the sentiment from an overnight with respect to UK PM Boris Johnson's proposed backstop solution which was leaked and regarded as a non-starter. Ireland’s deputy prime minister dismissed it as being so in a tweet just before midnight where he said it was the time that the EU and Ireland had a “serious proposal”.

Additional comments from the Irish Foreign Minister:

  • Let's see what happens tomorrow, it is too early to say what is in the proposal.
  • 'The reports we are hearing are concerning to put it mildly'.
  • Always rejected concept of time limit on backstop unless clear what happens after.
  • Time limited backstop is not a backstop at all.
  • Irish foreign minister Coveney: not seen UK proposals yet – virgin media interview.
  • Does not look like basis for deal if report is correct (refers to telegraph newspaper.
  • UK parliament will act to prevent a no-deal Brexit.
  • We are not going to sign up to managed border infrastructure as a permanent arrangement on the island of Ireland.
  • The government won't be signing up on a voluntary basis to border checks on this island.
  •  We will judge UK proposal when we see it, but it will need to have same effect as backstop.

Extra reading: 

FX implications:


Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers. The author will not be held responsible for information that is found at the end of links posted on this page.

If not otherwise explicitly mentioned in the body of the article, at the time of writing, the author has no position in any stock mentioned in this article and no business relationship with any company mentioned. The author has not received compensation for writing this article, other than from FXStreet.

FXStreet and the author do not provide personalized recommendations. The author makes no representations as to the accuracy, completeness, or suitability of this information. FXStreet and the author will not be liable for any errors, omissions or any losses, injuries or damages arising from this information and its display or use. Errors and omissions excepted.

The author and FXStreet are not registered investment advisors and nothing in this article is intended to be investment advice.

Feed news

Latest Forex News

Latest Forex News

Editors’ Picks

EUR/USD hovers around 1.18 amid risk-off mood, US data eyed

EUR/USD is trading around 1.18, down on the day as the US dollar benefits from the risk-off mood. Worries about covid, China's techlash and tensions ahead of the Fed are weighing on sentiment. US Durable Goods Orders are eyed.


GBP/USD recaptures 1.38 as the dollar pares gains

GBP/USD is trading above 1.38, as the safe-haven dollar gains have faded away after a risk-off mood earlier in the day. The pound benefited from the drop in British covid cases. 


Gold slips below $1,800 as USD lingers near highs

Gold prices loiter near the $1,800 mark for the past five trading sessions. The US dollar remains steady near the four-month high ahead of the Fed’s interest rate decision. The prices moved cautiously despite the general negative sentiments surrounding the greenback.

Gold News

Dogecoin to retest critical support before overcoming doubt

Dogecoin price thrilled investors after posting a 17% surge on July 26. Following the swing high, DOGE has wiped out most of those gains as it retraces.

Read more

FX: 10 things to watch this week

Taking a look at the economic calendar, it is set to be a busy week for the forex market. There’s a central bank rate decision, GDP, inflation and employment reports scheduled for release. A number of big tech companies have ...

Read more