German Chancellor Angela Merkel’s spokesman crossed the wires in the last minutes confirming that there had been a phone call between British Prime Minister Boris Johnson and Angela Merkel but declined to comment on the details of their conversation.
According to several news outlets, a No 10 source familiar with the conversation said that a Brexit deal was “essentially impossible” after the call between Johnson and Merkel.
The British pound stays under pressure against its major rivals and the GBP/USD is now losing 0.5% on the day at 1.2230.