EU Brexit negotiator Michel Barnier speaking to European parliament in France

  • Stage one Brexit deal meets conditions for stage two
  • UK plan for EU citizens' registration must be more simple
  • Still very prudent and very cautious on Brexit
  • More work on Ireland needed in Brexit talks
  • 'Many' more steps ahead for an orderly UK exit

His comments so far feels like things are still up in the air. It's almost akin to the "progress" talks that were constantly being cited over the last two weeks.

But are we really surprised? At this point, the market is pretty much desensitised by all the dragging.