EU Rebuffs Johnson Bid to Reopen Brexit Deal as Deadlock Remains

  • British Prime Minister Boris Johnson made his first public attempt to renegotiate his predecessor’s agreement on the U.K.’s withdrawal from the European Union by focusing on the intractable problem of the Irish Border. 
  • There seems to be little hope for a breakthrough in negotiations as the government plans a publicity blitz aimed at preparing the public for a no-deal exit.
  • Johnson is to meet the leaders of Germany and France in their capitals this week before going to the Group of Seven summit.
  • The pound unwound some recent gains to trade under $1.21 this morning. 

(Source:  Bloomberg)