Pound euro exchange rate: GBP/EUR falls as doubts increase on UK-EU Brexit compromise

After storming higher yesterday the pound euro exchange rate is holding steady at €1.105 as doubts return to the Brexit forum, despite Prime Minister Boris Johnson’s unexpectedly successful visit to Europe. Although French President Emmanuel Macron was initially forthcoming in his proposals for a possible EU compromise over the Irish backstop, he then countered his previous optimism, describing the backstop as “indespensable”.

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