UK, EU Agree On New Brexit Deal: Boris Johnson
British PM Boris Johnson is hoping to get approval for the agreement in a vote .
Britain clinched a Brexit deal with the European Union on Thursday, European Commission President Jean-Claude Juncker said, just a few hours before the start of a summit of the bloc’s leaders in Brussels.
Separately, British Prime Minister Boris Johnson said “we have a great new Brexit deal”.
Juncker said in a letter that he would recommend that the leaders of the other 27 member states approve the deal, adding it was “high time” to complete the divorce process and move on as swiftly as possible to negotiations of the EU’s future partnership with Britain.
However, the Northern Irish party Johnson needs to help ratify any agreement has refused to support the deal that was hammered out over weeks of negotiations.
Johnson is hoping to get approval for the agreement in a vote at an extraordinary session of the British parliament on Saturday, to pave the way for an orderly departure on October 31.
Sterling surged more than 1 per cent and British share prices rallied after the announcement that an agreement had been reached.
The latest updates on Brexit deal:
Northern Ireland party opposed to Brexit deal
Northern Ireland’s Democratic Unionist Party says it remains opposed to the outline Brexit deal struck between the UK and the European Union.
The party, a key ally of British Prime Minister Boris Johnson, says it stands by a statement issued earlier by leader Arlene Foster and her deputy Nigel Dodds. They said the DUP “could not support what is being suggested on customs and consent issues.”
The party said Thursday its position had not changed.
British pound surges
The pound has surged on news that the European Union and Britain have reached a provisional deal on Brexit.
The currency, which has been volatile over the past week on conflicting reports of progress, jumped to $1.2934 from $1.2805 earlier in the morning.