New: the European Parliament's announcement that it will not ratify any treaty before the end of December unless the deal is concluded by midnight on Sunday comes amid signals that, despite progress, a deal won't be concluded until early next week.

2/ This is because there are still some formidable hurdles in the way of closure on the level playing field issue, and they haven't even got into fisheries in a big way yet. And both sides say things there are "extremely difficult".
3/ Yesterday there were some signals that a deal could be done by the weekend, but the mood seems to have dipped somewhat.
4/ The EP is saying it wants a "provisional" text from the European Commission "as soon as possible" - not clear if that means even before the midnight deadline
5/ If a deal is not concluded by Sunday night then we are in uncharted waters
6/ Member states will say the treaty should therefore be applied provisionally from January 1 and ratified later. Under the Lisbon Treaty the Council has that prerogative. However, the Commission wants the treaty to be ratified by end Dec if at all possible. EP dead against PA
7/ Provisional application still requires the consent of the UK. That's another question altogether. If the UK decides it does not accept Provisional Application then we're into a short No Deal period
8/ Even if Provisional Application is required, it can't just be done in a heartbeat. There are still several procedures to get through.
9/ So there could still be a No Deal period from January 1. Officials say that the No Deal contingency plans which the European Commission have published for aviation, haulage, trains and fisheries would kick in in that scenario

More from Tony Connelly

Irish foreign min Simon Coveney says he is "more optimistic" about progress in the EU UK Joint Committee over implementing the Northern Ireland Protocol.

2/ Last night @rtenews reported that if a free trade deal were to be concluded, a sequence would be put in place at the end of which the UK would drop the clauses in the Internal Market Bill which breach the Protocol.

3/ This morning, the EU’s representative on the Joint Committee, which implements the Protocol, said he would be meeting his counterpart Michael Gove in Brussels today.


4/ Mr Coveney said: “There is more cause to be optimistic and positive in the context of the Joint Committee and its work in terms of implementing the Withdrawal Agreement and the Protocol on Ireland and Northern Ireland.

5/ “Maros Sefcovic and Michael Gove have made really practical progress on many of the outstanding issues that were not resolved up until a few weeks ago.

More from Brexit

You May Also Like

12 TRADING SETUPS which experts are using.

These setups I found from the following 4 accounts:

1. @Pathik_Trader
2. @sourabhsiso19
3. @ITRADE191
4. @DillikiBiili

Share for the benefit of everyone.

Here are the setups from @Pathik_Trader Sir first.

1. Open Drive (Intraday Setup explained)


Bactesting results of Open Drive


2. Two Price Action setups to get good long side trade for intraday.

1. PDC Acts as Support
2. PDH Acts as


Example of PDC/PDH Setup given