UK PM David Cameron will call for a vote from fellow EU leaders on the next European Commission president if there is an attempt to rubber-stamp Jean-Claude Juncker in the role.

Cameron opposes the ex-Luxembourg PM, whom he sees as preventing EU reforms, and will demand a vote at a summit next week. But it could be a futile effort given Juncker’s growing base of support

Yesterday he received the backing of nine left-wing heads of government who met in Paris at the invitation of French president Hollande and with Germany’s Merkel still onside to back Juncker’s appointment it’s looking likely that Cameron will find himself ever more isolated. One of the nine leaders is Italian PM Renzi who Cameron was hoping to convince to join ranks alongside him.

The row over Mr Juncker hit the headlines at the start of the month (posted here) when the UK PM reportedly warned that the UK could leave the EU if Mr Juncker became president of the European Commission – the body which drafts EU laws. He fears that his quest to negotiate better terms for the UK will fall on unsympathetic ears and force an early in/out referendum for the UK.

It's nothing personal but you're definitely off my Xmas card list

“It’s nothing personal, but you’re definitely off my Xmas card list”

Cameron wants a delay in the process in an effort to find a consensus candidate, but if his fellow 27 EU leaders are not willing to consider alternatives to Mr Juncker, he will call a vote and require them to set out their positions clearly.

The BBC has this on the developing saga updated a short while ago.

I don’t see this latest development having immediate negative impact on the pound but, as I said in my original post, markets and investors dislike uncertainty.