Hopes of a resolution to the tortuous three-year Brexit crisis were raised in recent days and sterling shot up to a 2-month high on Thursday when European Commission President Jean-Claude Juncker said a deal was possible.
Irish Foreign Minister Simon Coveney repeated that a deal was possible but cautioned that the gap was still wide and underscored the risks of a disorderly Brexit - civil unrest on the island of Ireland and a dislocation of trade.
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“I think the mood music has improved,” Irish Foreign Minister Simon Coveney told BBC radio. “We all want a deal, we all know that a no-deal will be a lose, lose, lose for everybody, but particularly for Ireland and Britain.
“But I think we need to be honest with people and say that we’re not close to that deal right now. But there is an intent I think by all sides to try and find a landing zone that everybody can live with here.”
British Prime Minister Boris Johnson has repeatedly said he wants to strike an amended deal at an EU summit on Oct. 17-18 but that if that is not possible then he will lead the United Kingdom out without a deal.
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