Pound-euro exchange rate: GBP/EUR steady despite continued Irish border concerns

The pound is trading in a narrow range against the euro today, with fresh uncertainties about the Brexit backstop and the Irish border leading to a rate of €1.144. Despite the limited movement, the pound remains near its best exchange rate since mid-June, having been pushed higher against the euro by disappointing Eurozone data. Daily Express :: Finance Feed

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Concerns over Asda’s merger

ASDA’S proposed £14billion merger with Sainsbury’s could lead to higher prices or a worse quality of service in 463 local areas, competition watchdogs warned. The Competition and Markets Authority, which last week referred the deal for an in-depth investigation, said there is a “realistic prospect” of a substantial lessening of competition in each of the areas where the rivals’ stores overlap. Daily Express :: Finance Feed

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