Michel Barnier, the EU’s chief Brexit negotiator, on Monday said a deal for the UK’s formal exit from the European Union could be completed within the next eight weeks. “I think that if we are realistic, we are able to reach an agreement on the first of this negotiation, which is the Brexit treaty, within six or eight weeks,” Barnier told a conference in Slovenia. He said it was imperative that an agreement be reached “before the beginning of November” to give EU parliaments a chance to ratify the deal. The announcement triggered a jump in the British pound, hitting a five-week high against the US dollar at $1.31, while rising 0.5 percent against the euro to €1.12. Read more: Germany’s ‘Little Britain’ forced to close down — for now ‘Deal in October’ British Prime Minister Theresa May’s spokesperson said her government was “focused on securing a deal in October.” “You have seen over the summer I think an intensification in the talks — that is obviously something which we called for — and you have seen progress continuing to be made in relation to that withdrawal agreement,” May’s spokesperson said. On March 29, 2019, the UK will formally leave… Read full this story
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