Pound euro exchange rate steady as Merkel says extension unavoidable if deal ...

Angela MerkelGerman Chancellor Angela Merkel (Image: JOHN THYS/AFP via Getty Images)

The GBP/EUR exchange rate remained unmoved today, with Brexit uncertainty continuing to weigh on UK markets following the Democratic Unionist Party (DUP) decision not to endorse Boris Johnson’s deal. Meanwhile, 28 MPs have refused to rule out the new deal which offers some hope for Boris Johnson and could see the deal make it through Saturday’s vote even without Irish support.

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Andrew Bridgen, Tory MP and leader of the European Research Group (ERG), added that the ERG would probably back the deal, saying: “I think the vast majority of the ERG will come to the conclusion that this deal is tolerable. What we don’t want is a second referendum.”

With no UK economic data scheduled until next week, market movement in Sterling has been slow, with GBP investors sitting on their hands until Saturday’s decisive vote.  

Meanwhile, doubts over the effectiveness of the European Central Bank’s (ECB) latest stimulus package have seen

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