Reuters reports again, citing EU diplomats this time

  • UK, EU moving towards "parallel declaration" on Irish backstop to break impasse
  • Already-negotiated text would not be changed
  • Would not be able to give May final text of new declaration before 28 February

And the pound climbs back higher on the back of this, dragging the euro higher and the dollar lower as a result. Best be warned, what they are reporting isn't anything that stands out as that is the current plan that is being sought after by May as outlined here last week.