The Eu have accused Britain of playing a “stupid blame Game” over Brexit today after Downing Streets sources said a deal was essentially impossible because Germany’s Chancellor has made unacceptable demands. In a sign that Johnson’s last-ditch proposals to bridge the Brexit impasse have failed, a Downing Street source said Merkel and Johnson spoke this morning and she made clear that a deal was “overwhelmingly unlikely”.
The source said that if Merkel’s position on Northern Ireland remaining in the EU’s customs union was the bloc’s position, then a deal was impossible. “If this represents a new established position then it means a deal is essentially impossible not just now but ever,”
With just 23 days before the United Kingdom is due to leave the bloc, the future of Brexit remains deeply uncertain as both London and Brussels positioned themselves to avoid blame for a delay or a disorderly no-deal Brexit.
As a result of this news we have seen the Pound weaken against all the majors today. GBP/EUR dipped into the low 1.11’s and Dollar briefly dipped into the 1.21’s, around a 0.5% movement.