This just popping up on the Financial Times:

  • Brussels is giving Britain two to three weeks to set out how much it is prepared to pay in the Brexit divorce settlement
  • warning that the EU will otherwise struggle to prepare this year for a transition deal
  • According to the informal deadline, unless London makes a big financial offer this month, the bloc may be unable to adopt guidelines for the transition talks at a crucial summit in December

Article is here for more, may be gated

h/t to the chaps at @LiveSquawk

Cable .... unmoved .... is this thing on?

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ps. I posted earlier on the UK & EU meetings: ANZ wary on GBP - volatility under-pricing the rising political risk

  • UK-EU negotiations will start tonight ... scheduled to occur every three weeks ... there are just three rounds of negotiations before December's EU summit, where EU leaders will have to decide (again) if sufficient progress has been made.