Sterling is lifted by news that Prime Minister Boris Johnson’s new Brexit proposal was well received by his fellow Conservatives. Steve Baker said the plan offered a “glimpse” of the possibility of a “tolerable” deal. John Baron also said Johnson had produced “improved proposals.” Both were committed Brexiteers whole opposed to Theresa May’s withdrawal agreement.
On the other hand, Stephen Hammond and Greg Clark also backed the new proposal. Hammond said he “warmly” welcomed the fact Johnson had put forward proposals, as well as his “constructive tone.” Both were former pro-EU former ministers, ejected from the party after voting against Johnson’s orders last month.
Together with Northern Ireland’s DUP, there is now a realistic chance of passing a modified Brexit deal in the Parliament. If that happens, the ball would be on EU’s court to accept it.