Offer said to fall short of UK demands

Bloomberg report helping GBP.

  • EU said to await UK response on new Brexit offer
  • The offer falls short of what Britain has demanded
  • The EU proposal focuses on bolstering a review system that's already set out in the deal
  • It goes further than concessions outlined in a letter in January

It looked like the EU was prepared to let May rot but they're giving up a bit of ground here. It still sounds like this won't be enough to get a majority in parliament but the chance is better than it was a day ago.