DUP's Wilson says proposals on Irish backstop are "fairly meaningless"
Comments by DUP member Sammy Wilson
- Backstop proposals "don't go far enough"
This basically puts a wrench in the story earlier that May is attempting to woo DUP ahead of the Brexit debate here. But that's not really stopping the pound from continuing to rally on the day. Cable now trades to its best levels @ 1.2777:
Of note, there is daily resistance seen from the September low @ 1.2786 nearby.