Comments from Barnier on Brexit

  • Two issues still outstanding, we must make headway on the issue of Ireland

  • Most Irish border checks can take place away from the border at company premises or market

  • We need fully operational backstop that would protect integrity of EU single market

  • Irish backstop would only apply until better solution found

  • EU leaders meeting in October will be 'moment of truth'

  • Hopes to make significant progress on Irish issue and geographical indication on goods by Oct EU leaders' meeting

So long as the optimism from Barnier continues, the march higher for the pound will as well. No reaction from GBP on these headlines through.