Ireland plans to finish the building work this year for new customs booths and freight inspection points in Dublin as the country’s largest sea terminal prepares for the “inevitability” of border controls after Brexit.
The state-owned port said it will be ready for border checks on UK imports and is assuming that London will leave both the EU customs union and the single market.
The preparations are being finalised this year in case talks for a transition deal after Brexit fall through. “We have taken what the UK government has said at face value — period. Any changes that happen that improve that are most welcome but we’re not depending on it happening,” said Eamonn O’Reilly, chief executive of Dublin Port Company. “We’re not working on the basis of there being any magical political solution.”
In markets, the dollar index, a measure of the greenback against a basket of peers, weakened 0.2 per cent ahead of US inflation data set to be released later in the session. Dollar weakness helped push the yen to to its strongest in 15-months against the dollar at ¥107.22. Japan’s Topix index was off 0.7 per cent, and Australia’s S&P/ASX 200 dipped 0.3 per cent, while the Hang Seng index climbed 1.2 per cent in Hong Kong.
Futures tip the FTSE 100 to open 0.4 per cent higher and the S&P 500 is set to open up 0.2 per cent.
Corporate earnings and updates include Plus500 and Galliford Try. The economic calendar has no favourites (all times London).
- 07.00: Germany flash Q4 gross domestic product
- 07.00: Germany final consumer price index
- 07.00: Sweden CPI
- 08.00: Czech Republic CPI
- 08.30: Sweden’s Riksbank rates decision
- 09.00: Italy Q4 GDP
- 09.00: Poland Q4 GDP
- 10.00: eurozone GDP
- 11.00: Ireland house prices