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UK PM candidate Johnson: I don't aim for no-deal, I don't want no-deal as an outcome
Boris Johnson, one of the candidates to succeed British Prime Minister Theresa May, crossed the wires in the last minutes reiterating that he is not aiming for a no-deal Brexit and doesn't want it as the final outcome. None of Johnson's remarks had an impact on the British pound's market valuation. Below are some key quotes as reported by Reuters.
- People will try to find a moment when they've forced me into a gaffe or an error.
- If his comments get people's attention that is not a bad thing.
- I don't want to leave with WTO solution.
- Prophecies of disastrous no-deal Brexit are not accurate.
- Perfectly realistic to get deal by October 31.
- Absolutely crucial to prepare for no-deal.
- Problems of Irish backstop can be solved by having checks away from the border.
- There are ways of doing this that do not require a hard border in Ireland.
- I accept the EU will say we can't accept that about Irish border proposal.
- If we have to get out on no-deal terms then it is our responsibility to prepare for it.
- By preparing for it, we will prevent a no-deal Brexit.
- Would be bizarre to signal that UK government would run up the white flag and delay again.
Author
Eren Sengezer
FXStreet
As an economist at heart, Eren Sengezer specializes in the assessment of the short-term and long-term impacts of macroeconomic data, central bank policies and political developments on financial assets.
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