KEY POINTS
  • Boris Johnson, the U.K. Prime Minister, is due to meet Jean-Claude Juncker, the head of the EU's executive arm on Monday in Luxembourg to discuss Brexit over a "working lunch."
  • It marks their first meeting since Johnson took office in August. Johnson has previously met the German and the French leaders at their respective capitals.

HELSINKI, FINLAND – A no-deal Brexit looks likely, Finland's Prime Minister Antti Rinne told CNBC Friday, though he is still hopeful that both sides of the English Channel will have good relations going forward.

The U.K.'s departure from the European Union is a constant source of concern for European leaders as the exit date approaches without any clear agreement on future relations. In such a scenario, and without being granted further time beyond the October 31 deadline, there would be a no-deal Brexit – meaning trade would immediately be done with higher tariffs imposed by both sides.