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May considering Good Friday Agreement amendment

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British Prime Minister Theresa May is considering solving a Brexit deadlock by amending a 1998 agreement that ended 30 years of violence in Northern Ireland after ditching attempts to negotiate a cross-party deal, the Daily Telegraph reported late on Sunday.

May’s plan to amend the 1998 Good Friday Agreement would see the UK and Ireland agree a separate set of principles or add text to “support or reference” the 1998 peace deal setting out how both sides would guarantee an open border after Brexit, the newspaper reported.

May suffered a heavy defeat in parliament on Tuesday when lawmakers and members of other parties rejected her deal for Britain’s with the European Union by an overwhelming majority. Many object to a backstop arrangement that the European Union insists on as a guarantee to avoid a hard border between the Irish Republic and Northern Ireland.

Reuters

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Former Craig

Former Craig

Former Senior Market Analyst, UK & EMEA at OANDA
Based in London, Craig Erlam joined OANDA in 2015 as a market analyst. With many years of experience as a financial market analyst and trader, he focuses on both fundamental and technical analysis while producing macroeconomic commentary. His views have been published in the Financial Times, Reuters, The Telegraph and the International Business Times, and he also appears as a regular guest commentator on the BBC, Bloomberg TV, FOX Business and SKY News. Craig holds a full membership to the Society of Technical Analysts and is recognised as a Certified Financial Technician by the International Federation of Technical Analysts.
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