![]() Johnson also said that the Irish border backstop - designed to prevent the return of a hard border between Ireland and the United Kingdom's province of Northern Ireland - was "no good, it's dead, it's got to go". When asked about his remark during the campaign for the party leadership that the odds on a no-deal Brexit were a million to one, he said: "Provided there is sufficient goodwill and common sense on the part of our partners, that is exactly where I would put the odds." "We are going to go ahead and come out of the EU on October 31." But there is scope to do a new deal," Johnson told reporters in Faslane, Britain's nuclear submarine base on the Clyde in Scotland. "The Withdrawal Agreement is dead, it's got to go. Johnson's bet is that the threat of a no-deal Brexit will persuade the EU's biggest powers - Germany and France - to agree to revise the Withdrawal Agreement that Theresa May agreed but failed three times to push through the British parliament. ![]() Sterling has fallen more than 2 1/2 cents since Johnson was named leader. The pound, which was trading at $1.50 on the day of the 2016 referendum, dropped more than 1 1/2 cents to $1.2213 on no-deal fears, the lowest level since March 2017. Many investors say a no-deal Brexit would send shock waves through the world economy, tip Britain's economy into a recession, roil financial markets and weaken London's position as the pre-eminent international financial centre.
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