(Bloomberg Opinion) — One word — “pathway” — is all it took to send the British pound rocketing against the U.S. dollar. It had been a dire week in Brexit-land, with Boris Johnson’s do-or-die tactics failing to persuade the European Union to accept his new proposal on the Irish border.

But suddenly on Thursday afternoon came the surprising news that a meeting between the British prime minister and his Irish counterpart Leo Varadkar had gone quite well. “Very positive, very promising,” Varadkar said. “I do see a pathway towards an agreement in the coming weeks.”

What might this pathway look…

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