Headline via Reuters
German news outlet Spiegel has said on its website that a coalition government deal has been reached. That's helping to give the euro a bit of a boost, with EUR/USD up to 1.2382 now from 1.2370 earlier.
It's what we expected anyway, so no big surprises - though would be great to have an official confirmation to put an end to things and move on.
Update: More confirmation on the news, we're also seeing politician Serap Guler (Conservative member) also confirms it on Twitter.
Union und SPD einigen sich auf Koalition. Gut Ding braucht Weile. #Groko
— Serap Güler (@SerapGueler) February 7, 2018
But Reuters are now saying that they have conflicting reports as one negotiating source says deal confirmed and another says that there is no agreement yet on all issues.
They are saying that Merkel's Conservatives and the SPD party have reached an agreement 'in principle' only - according to their sources.
