Comments from a Downing Street spokesman

  • Labour and govt have had further productive and wide-ranging talks on Brexit
  • Have agreed to meet again Thursday
  • Both sides working hard to find a way forward

The FX market is a bit less optimistic today with cable down 23 pips to 1.3038 after hitting a high of 1.3211 on chatter (later denied) that Merkel had offered a 5-year cap in the Brexit backstop.