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Pound jumps as Barnier says Brexit deal 'possible'

Pound jumps as Barnier says Brexit deal 'possible'

Business
The EU's chief Brexit negotiator Michel Barnier believes a Brexit deal is possible before the beginning of November. In remarks that saw a jump in the value of the pound, the European Commission official claimed a treaty could be agreed "within six or eight weeks" if both sides are "realistic".It came as it was reported that EU leaders are expected to announce next week - at an informal meeting in Salzburg - that an extraordinary Brexit summit will take place in November.According to The Guardian, the special gathering is likely to be held on 13 November and will allow a political declaration on the terms of the UK's future relationship with the EU.However, the newspaper said, a solution to the Irish border issue would need to be finalised at an already scheduled EU summit ...
Brexit negotiations: Barnier rules out 'concessions'

Brexit negotiations: Barnier rules out 'concessions'

Business
Media playback is unsupported on your deviceThe EU's chief negotiator said there would be "substantial" consequences from Brexit after the first round of talks with the UK.Michel Barnier said he was "not in the frame of mind to make concessions or ask for concessions".UK Brexit Secretary David Davis said talks got off to a "promising start".The UK appears to have conceded to the EU's preferred order for the talks which will mean trade negotiations do not begin immediately.Mr Davis and Mr Barnier gave a joint press conference after day one of the talks in Brussels.The initial focus will be on expat rights, a financial settlement and "other separation issues".Discussions aimed at preserving the Good Friday Agreement and common travel area in Ireland will also begin, although Mr Davis suggest...