The address of the Democratic Unionist Party of Northern Ireland (DUP) withdraws from some cooperation with the Republic of Ireland under the 1998 Belfast agreement in protest of the Brexit Protocol, The Guardian reports.
DUP leader Sir Jeffrey Donaldson warned that his party could not continue within the Stormont agreement if “protocol problems” persist.
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“We are totally against the protocol as it currently exists. We will not accept it or work on it. In my evaluation, the time to solve problems can be measured in weeks and not months or years. “
“If, in the final analysis, those who are democratically elected by the people of Northern Ireland lack the power to prevent such controls, and questions of protocol remain, then the position in office of DUP ministers would become untenable.”
“Let me be clear, if the choice is ultimately between remaining in office or applying protocol in its current form, then the only option for any union minister would be to step down.”
Market reaction
The pound shrugs off renewed Brexit concerns as it extends its recovery above 1.3800 amid a widespread pullback in the US dollar.
At time of writing, GBP / USD is trading at 1.3820, up 0.39% on the day.
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