Brexit: Financial services deal may be expected if overall deal is agreed this month

According to Reuters, citing an unnamed UK official

• Financial services tentative deal would be based on EU's existing equivalence system
• Tentative Brexit deal is almost done on some forms of access for UK-based financial institutions to European markets

Adding more credence to the report by the Financial Times overnight. The pound is extending its gains on the back of the headlines here with GBP/USD now on the verge of testing 1.2900 and EUR/GBP slipping to a low of 0.8810 on the day.