Optimism for Brexit deal rises

Optimism for Brexit deal rises

Both the Irish prime-minister and the bank JP Morgan has that that a deal between the United Kingdom and the European Union could be announced in the near future.

Investment bank JP Morgan said on Friday that an agreement between Britain and the European Union on a transitional Brexit deal appeared likely to be reached in the coming days.

"Agreement in time for a November 17-18 summit appears to remain possible even if odds are slightly against it with dates later in November being suggested," JP Morgan economist Malcolm Barr said in a note to clients.

"We continue to think it likely that the Commons (UK lower house of parliament) will not give its assent to the agreement on the first attempt (in late November or early December), but... assent will be attained at a second or later attempt (in early to mid-January)."

Meanwhile, Ireland's Prime Minister Leo Varadkar said a deal between Britain and the European Union over Britain's exit from the bloc was "more likely than not" within weeks.

"I think it is more likely than not that we will conclude an agreement in the next few weeks, before the end of the year," Varadkar said at the British Irish council on Friday.

"But lots of things can go wrong," he added.

Published: by Radio NewsHub
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