Yesterday the UK PM and her Brexit committee met at Chequers 23 Feb

I reported the meeting taking place but we had no official comment with it lasting 8 hours and not closing until 22.00 GMT

Stories drifting out this morning from the BBC, FT and others that the 11-member Brexit cabinet committee have endorsed a proposal dubbed "Canada plus plus plus" by David Davis.

Under the plan, Britain would seek to negotiate a free-trade agreement similar to the EU/Canada deal, but then try to embellish it by securing better access to the single market for goods and services through close regulatory co-operation.

Brexiteers have seized on the broad agreement that Britain should be able to set its own rules and regulations, allowing an "ambitious managed divergence" with the EU over time. Remainers though, led by fin min Philip Hammond, insisted that the starting point should be that Britain and the EU would have high levels of alignment.

BBC political editor Laura Kuenssberg said everyone is said to have left Chequers happy implying "baby steps forwards not a huge breakthrough".

It seems like a fragile compromise has been reached by Remainers and Leavers on the committee which May will take to the for a speech next Wednesday.

More comments/leaks/rumours to come I'm sure as both sides defend their case.

More from the FT here and BBC here

Meanwhile GBPUSD down to 1.3930 as general USD demand prevails in early European trading.