On Tuesday, the 8th of October 2019, the European Union, a pact of 28 European nations excluding Britain, cautioned UK’s new leader Boris Johnson not to play a “stupid” blame game over Brexit. In point of fact, latest comment from Brussels which would likely to stress UK’s stance as the Brexit-clocks had been ticking on towards an October 31st deadline, came over the heels of a caustic Downing Street report saying a Brexit deal was almost impossible to reach as German Chancellor Angela Merkel had been making a slew of unacceptable demands.
Nonetheless, downbeat headlines on Brexit had weighed on euro, as the single currency had curbed gains for second straight session in a row to wrap up Tuesday’s (October 8th) market 0.14 per cent lower to $1.0954.
Meanwhile, following Johnson’s last-ditch proposal to cement UK’s exit from the bloc, which failed to pass through the UK House of Commons, the Downing Street source had also been quoted saying late on Tuesday (October 8th) that German Chancellor Angela Merkel had made it clear that a Brexit deal would likely to be “overwhelmingly unlikely”.
Besides, adding that UK’s new leader Boris Johnson had been insisting that the Northern Ireland must leave the bloc during Britain’s departure, the Downing Street source had also revealed on condition of anonymity, “If this represents a new established position then it means a deal is essentially impossible not just now but ever”.