Euro is strong against the pound today, as the latter comes under pressure after poor inflation figures. The new sitting of the European Parliament has ‘reaffirmed’ its ‘wholehearted support’ for the EU’s position during Brexit, saying that the UK would be ‘solely responsible’ for a no-deal departure. However, the Parliament has also stated that another conditional Article 50 extension could be possible, if the UK were to request it.
Although French officials have talked about vetoing an extension due to lack of progress, the European Parliament has now stated that reasonable reasons for one could simply including ‘avoiding a no-deal departure.’
Concerns continue over the state of the eurozone’s economy, as data yesterday showed construction growth slowed from this point last year. Current account figures for the eurozone came in positively this morning, with a 3 billion rise on the previous month.
