Brexit News: Senior Irish source says government concerned over hostile UK tone towards NI Protocol

Dhwani Mehta FXStreet

“The government is concerned at the increasingly hostile tone of the UK government towards the Northern Ireland Protocol,” RTÉ News reports, citing a senior Irish source.

The source has also described as "irresponsible" the suggestion, as briefed by the British government, that the EU would have to deliver a solution to the issues surrounding the backstop by July 12.

This comes after the Taoiseach, Micheál Martin held a wide-ranging discussion on Northern Ireland and British-Irish issues with British Prime Minister Boris Johnson at Chequers on Friday.

Martin tweeted out: "We also reaffirmed both governments' commitment to the Good Friday Agreement and its institutions."

"The argument [at the meeting] was that Protocol doesn't enjoy the support of one community in Northern Ireland, therefore it's not protecting the Good Friday Agreement," said one source.

Market reaction

GBP/USD remains on the back foot below 1.4100, divided between looming Brexit concerns and the UK reopening.

Meanwhile, a pause in the US dollar sell-off also keeps a check in the cable’s upside attempts.

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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