Brexit deal is close, off icials suggest

EU still seeks more British compromises as deadline nears

European Union officials were hoping Tuesday that — after more than three years of false starts and sudden reversals — a Brexit deal with Britain might be sketched out within hours.

The bloc said that it might be possible to strike a divorce deal by Thursday ’s EU leaders’ summit, which comes just two weeks before the U.K.’S scheduled departure date of Oct. 31. One major proviso: The British government must make more compromises to seal an agreement in the coming hours.

Britain and the EU have been here before — within sight of a deal only to see it dashed — but a surge in the British pound Tuesday indicated hope that this time could be different. The currency rose against the dollar to its highest level in months.

Even though many questions remain, diplomats made it clear that both sides were within touching distance of a deal for the first time since a U.K. withdrawal plan fell apart in the British House of Commons in March.

Martin Schirdewan, a German member of the European Parliament ’s Brexit Steering Group, said an ag reement is “now within our grasp” follow ing a breakthrough in negotiations.

This week ’s EU leaders’ meeting — the last scheduled summit before the Brexit deadline — was long considered the last opportunity to approve a divorce ag reement. British Prime Minister Boris Johnson insists his countr y will leave at the end of the month with or without an ag reement, although U.K. law makers are determined to push for another delay rather than risk a chaotic no-deal Brexit.

Michel Barnier, the EU’S chief Brexit negotiator, said at a meeting of the bloc’s ministers in Luxembourg on Tuesday that the main challenge now is to turn the new British proposals on the complex Irish border issue into something legally binding. EU member Ireland has a land border with the U.K.’S Northern Ireland, and both want to keep goods and people f lowing freely across the currently invisible frontier.

A frictionless border underpins both the local economy and the 1998 peace accord that ended decades of Catholic-protestant violence in Northern Ireland. But once Britain exits, that border will turn into an external EU frontier that the bloc wants to keep secure.