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The Le Touquet agreement which allows British officials to check passports in France and vice versa is working and there are no plans to change it, Prime Minister Theresa May's spokesman said on Friday. The Guardian newspaper reported on Friday that France's Alain Juppe, who is on course to win the centre-right's presidential ticket and favourite to win power in next year's national election, said he would seek to overturn the treaty, which effectively pushes the British frontier to Calais in northern France.
Global stocks were set for their first weekly gain in four weeks on Friday and the dollar rose to its highest since March, as the euro came under pressure after the European Central Bank shot down talk of tapering its easy money stance. The euro hit its lowest against the dollar since March after the ECB left its ultra-loose policy unchanged on Thursday but kept the door open to more stimulus in December. ECB President Mario Draghi also doused recent market speculation that the central bank had discussed winding down its 1.7 trillion euro asset-buying programme.