The pound was weaker yesterday and is still low after the meeting after the meeting between Prime Minister Boris Johnson and the President of the European Commission, Jean-Claude Juncker, ended without any significant progress. According to the European Commission, the UK has no alternative plan for the controversial backstop agreement, which is designed to prevent a hard border in Ireland. Despite this, Downing Street said that the meeting was “constructive”.
Both Johnson and Juncker did agree that talks need to intensify, and said that meetings would “soon take place on a daily basis.” However, the Prime Minister reiterated that the UK will leave the EU on the 31st of October, regardless of the outcome.
Luxembourg’s Prime Minister, Xavier Bettel, said that the EU “won’t accept any agreement that goes against a single market, who will be against the Good Friday Agreement.” He also called Brexit a “nightmare”.
Today, the Supreme Court will begin to consider whether the prorogation of Parliament was lawful. The hearing is scheduled to last until Thursday.
