Reuters was first to report the exact contents of the British government’s proposed Brexit legislation. The bill, if approved, would give ministers the power to ignore parts of the Withdrawal Agreement’s Northern Ireland protocol by modifying the form of export declarations and other exit procedures. The head of the European Union Commission said she was very concerned by the news that Britain would breach the Withdrawal Agreement and international law.
Reuters first to report the exact contents of the UK’s Brexit bill; market reacts
News that London explicitly acknowledged “inconsistency” with international law in the draft legislation sent sterling down more than half a cent against the U.S. dollar in 30 minutes to $1.2885, its lowest level since July 28.