Brexit talks through the night as European Union seeks 'progress'

Michel Barnier

A European Commission spokesman said there was "no white smoke yet" on Brexit negotiations.

Boris Johnson has urged the European Union to move Brexit talks forward so divisions over the Irish border can be "thrashed out".

Despite frantic telephone diplomacy on Thursday May's office was more cautious about the chances, having been stung already this week when a Northern Irish party rejected a first attempt at a deal.

The BBC's Adam Fleming said that following an update from chief EU negotiator Michel Barnier on Wednesday, EU member states agreed there must be clarity within 48 hours for them to have enough time to consult with their capitals about draft guidelines for phase two of the talks.

"We are making progress but not fully there yet". "Talks are continuing throughout the night".

"Tonight more than ever, stay tuned".

If Mrs May has managed to square off the DUP and Ireland on the border issue, it appears likely EU leaders at December 14's European Council summit will approve "sufficient progress" has been made for talks to move on to phase two, on trade.

The Brexit talks between the United Kingdom and the European Union, which kicked off on June 19, are expected to wrap up before the end of March 2019.

A spokesperson for Taoiseach Leo Varadkar said this morning: "The view of the Irish Government is that the terms of the deal reached on Monday must stand".

Analyst's Discussions:: Encana Corporation (ECA)
Focusing on shares of Encana Corp ( ECA ), we have noted that the Percentage Price Oscillator Histogram line is now below zero. Encana Corp (NYSE: ECA ) shares traded -4.65% down during most recent session to reach at the closing price of $11.49.

However, DUP sources said an agreement was far away, despite David Davis, the Brexit Secretary, saying regulatory alignment would apply across the United Kingdom, rather than treat Northern Ireland differently.

The government needs to get everyone onside in the coming days for Brexit negotiations to move forwards.

He said no particular words or combination of words were discussed.

The deadline can not be extended further than that as sherpas will start to plan the European Council summit on Monday.

The government does not agree, and says it is confident negotiations can be completed by March 2019.

First Minister Nicola Sturgeon said "the real lesson" of the past week was that Scotland "will always be at the mercy of reckless decisions taken by Tory governments at Westminster" unless it becomes independent.

Dijsselbloem, the Netherlands finance minister who chairs meetings of his counterparts in the 19-country eurozone, said that some businesses would nevertheless have to relocate.

"The sooner we are in control over our own future here in Scotland the better, and this week has proved it", she added.

"I don't believe that the City will fall apart and that everyone will flee".

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