EU Commission spokesman Schinas keen to make a point just now 11 Dec

  • is a "deal between gentlemen"
  • it is understood that the joint report is fully backed by UK govt

Think again.

Elsewhere UK opposition Labour party shadow fin min McDonnnell speaking to BBG:

  • want to locate more institutions outside London
  • want to be as close to EU single as possible
  • must be final Brexit decision in parliament
  • there would be a strong pound under a Labour govt
  • not planning a run on the pound, quite the opposite

GBPUSD suitably unfazed at 1.3361 from earlier 1.3343 lows. EURGBP 0.8827 after earlier 0.8841 highs

Meanwhile,