Cable jumps on report the EU may offer the UK a two-year transition period
Cable quickly higher on Handelsblatt report
The offer is said to be tied to meeting financial obligations to the EU.
Barnier is going to ask EU ambassadors to support the proposal at a meeting on October 13, according to the report in the German press.
I don't see this as a big surprise, it's basically Barnier saying "sure you can stay in the EU if you follow all our rules."