UK's Cox abandons time-limit demand on Irish backstop – The Telegraph

Anil Panchal FXStreet

On the latest Brexit update, the Telegraph reported that the UK Attorney General Geoffrey Cox has abandoned demands for time-limit on the critical Irish backstop issue.

The UK news report mentions that:

UK Attorney General has abandoned attempts to secure a hard time-limit or unilateral exit mechanism from the Irish backstop, The Telegraph has been told.
The Attorney General is understood to be focusing on securing an enhanced "arbitration mechanism".
Ministers briefed on Geoffrey Cox's approach said that those aims, which represent the central demands of Eurosceptics, are considered too "blunt" and have been rejected by the European Union.

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Anil Panchal

FXStreet

Anil Panchal has nearly 15 years of experience in tracking financial markets. With a keen interest in macroeconomics, Anil aptly tracks global news/updates and stays well-informed about the global financial moves and their implications.

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