On Friday, Reuters reported that the Irish Finance Minister said the DUP was now “engaging intensively” with the U.K. government.
Key to those discussions will be whether the DUP switches to support May’s deal even though it includes a hated “backstop” arrangement.
The “backstop” has been included into May’s deal which would ensure no hard border between Northern Ireland and the Republic of Ireland, even if no formal Brexit deal can be reached.
It is despised by the DUP and euroskeptic Conservatives who see it as a way of keeping Britain and Northern Ireland within Europe without a legal end date.
British and Irish politics professor, Jon Tonge, told BBC Northern Irish radio Friday that it was clear the DUP must either accept the backstop and choose May’s deal or accept a softer Brexit deal.
“The DUP has to decide between what matters more: opposition to the backstop or support for Brexit. It’s quite clear that Brexit with the backstop is as hard a Brexit as they’re going to get,” he said.
Pound sterling went on a roller-coaster ride this week while the U.K. parliament conducted a series of votes. In what is ultimately viewed as an “risk-on” outcome, the pound has moved 1.7 percent higher versus the dollar since Monday.