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28.12.201816:47 Forex Analysis & Reviews: The British Parliament will be able to approve a Brexit deal if the plan for the Irish border is temporary

Long-term review

British Foreign Minister Jeremy Hunt said that Parliament would agree to an agreement with the European Union under the terms of Brexit if the "safety" plan for the Irish border is temporary. As is known, the exit of Britain from the EU is scheduled for March 29, 2019.

At the same time, a "safety" plan for the border with Ireland can be implemented from January 2021, if the UK and the EU fail to resolve the issue of a "hard" border between the Republic of Ireland and Northern Ireland. According to this plan, both the European Union and Britain will be located in a single customs territory, and it will be possible to refuse such conditions only by mutual consent of the parties.

British politicians opposed such an "insurance" plan since it implies the need for inspections at the border of Northern Ireland and the rest of Britain.

Exchange Rates 28.12.2018 analysis

Tatiana Strelkova,
Analytical expert of InstaSpot
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