UK PM Johnson's spokesman: N. Ireland protocol to fail without new governance arrangements

British Prime Minister Boris Johnson's spokesman said on Monday that they will be sharing the negotiating document on the Northern Ireland protocol directly with the European Commission later in the week, as reported by Reuters.

"Without new arrangements on governance, the protocol will never have the support it needs to survive," the spokesman added.

Market reaction

These comments don't seem to be having a noticeable impact on market sentiment. As of writing, the UK's FTSE 100 Index was up 0.37% on a daily basis at 7,121. Meanwhile, the GBP/USD pair is clinging to modest daily gains at 1.3630.