Skip to content

Spread bets and CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 71% of retail investor accounts lose money when trading spread bets and CFDs with this provider. You should consider whether you understand how spread bets and CFDs work, and whether you can afford to take the high risk of losing your money.
Spread bets and CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 71% of retail investor accounts lose money when trading spread bets and CFDs with this provider. You should consider whether you understand how spread bets and CFDs work, and whether you can afford to take the high risk of losing your money.

DUP’s Arlene Foster labels Irish backstop ‘toxic’

The Democratic Unionist Party leader has said that she would support Theresa May’s deal if the ‘toxic’ Irish backstop was replaced by an alternative arrangement.

Arlene Foster and Theresa May Source: Bloomberg

The Democratic Unionist Party (DUP) leader Arlene Foster, whose coalition with Conservative leader Theresa May provides the government with majority in parliament, has labelled the Irish backstop as ‘toxic’, admitting that she would back the Brexit deal if it were removed.

‘We will be reiterating our opposition to the current backstop and the fact that parliament has now backed that position means she has a clear mandate to go back to Brussels,’ Foster said in an interview with BBC radio.

‘Parliament’s mandate is to replace the backstop, the current backstop ... is toxic to those of us living in Northern Ireland,’ she said.

‘If the backstop is dealt with in the Withdrawal Agreement ... we will support the prime minister. I don’t want to see a no-deal scenario,’ she added.

Angela Merkel suggests ‘creative’ Brexit compromise could be reached

Foster’s willingness to back May’s Brexit deal if she could replace the Irish backstop plan is positive news for the UK government, but Brussels has made it clear that it has no intention of renegotiating the text of the current withdrawal agreement.

But despite the EU’s tough stance, German Chancellor Angela Merkel hinted that there may be room for a ‘creative’ compromise to break the Brexit deadlock and make concessions over the future of the Irish border question.

‘There are definitely options for preserving the integrity of the single market even when Northern Ireland isn’t part of it because it is part of Britain while at the same time meeting the desire to have, if possible, no border controls,’ Merkel said at a press conference in Japan on Monday.

‘To solve this point you have to be creative and listen to each other, and such discussions can and must be conducted,’ she added.

Brexit deadline edges closer

May will welcome the words of her German counterpart with just 53 days to go until the March 29 deadline for Britain to secure a last-minute deal.

If May is unable to draft a new deal by that time it will leave UK lawmakers to consider a limited array of options for moving forward that include delaying Article 50, calling for a snap general election or bailing out of the bloc without a deal.

This information has been prepared by IG, a trading name of IG Markets Limited. In addition to the disclaimer below, the material on this page does not contain a record of our trading prices, or an offer of, or solicitation for, a transaction in any financial instrument. IG accepts no responsibility for any use that may be made of these comments and for any consequences that result. No representation or warranty is given as to the accuracy or completeness of this information. Consequently any person acting on it does so entirely at their own risk. Any research provided does not have regard to the specific investment objectives, financial situation and needs of any specific person who may receive it. It has not been prepared in accordance with legal requirements designed to promote the independence of investment research and as such is considered to be a marketing communication. Although we are not specifically constrained from dealing ahead of our recommendations we do not seek to take advantage of them before they are provided to our clients. See full non-independent research disclaimer and quarterly summary.

See your opportunity?

Seize it now. Trade over 17,000+ markets on our award-winning platform, with low spreads on indices, shares, commodities and more.

Live prices on most popular markets

  • Equities
  • Indices
  • Forex
  • Commodities
website terms and agreements. Prices are indicative only. All share prices are delayed by at least 15 minutes.

" >


Prices above are subject to our website terms and agreements. Prices are indicative only. All share prices are delayed by at least 15 minutes.

Prices above are subject to our website terms and agreements. Prices are indicative only. All shares prices are delayed by at least 15 mins.

Plan your trading week

Get the week’s market-moving news sent directly to your inbox every Sunday. The Week Ahead gives you a full calendar of upcoming economic events, as well as commentary from our expert analysts on the key markets to watch.


For more info on how we might use your data, see our privacy notice and access policy and privacy webpage.

You might be interested in…

Find out what charges your trades could incur with our transparent fee structure.

Discover why so many clients choose us, and what makes us a world-leading provider of spread betting and CFDs.

Stay on top of upcoming market-moving events with our customisable economic calendar.