Brexit: Barnier believes Boris Johnson wants a deal

Reuters citing EU diplomatic sources

• Barnier believes Johnson wants a deal despite publicly talking up readiness for no-deal exit
• Barnier told EU envoys after latest talks that he remains confident that balanced agreement is possible but might be less ambitious
• 'Low quality, low profile' deal would need to include provisions on level playing field and fisheries

There's been no reaction in the pound to these headlines. The market has plenty to focus on today aside from Brexit talks, which will drag for months.