EU trade chief Malmstrom: EU is aiming to have a post-Brexit trade accord with the UK

Speaking to reporters in Brussels 5 Dec 2017

• But when UK leaves the EU, it means it also leaves EU trade pacts

More Brexit-related talks hitting the wires. Not very substantial as Malmstrom is attending the EcoFin conference in Brussels, so this is likely just a side comment to questions asked by the reporters.

GBP/USD lingering near the day's lows at 1.3377 now. The sharp drop has stalled here (I pointed out here on the level to watch for), and given how quickly it has dropped off I wouldn't be one to be catching a falling knife.